News articles about Coty (NYSE:COTY) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Coty earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.6313877171218 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
COTY has been the subject of a number of research reports. BidaskClub cut shares of Coty from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 26th. BMO Capital Markets reissued a “buy” rating and issued a $24.00 price target on shares of Coty in a research note on Thursday, October 5th. Wells Fargo & Co set a $17.00 price target on shares of Coty and gave the stock a “hold” rating in a research note on Monday, December 11th. Citigroup raised shares of Coty from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, December 12th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Coty in a research note on Monday, October 16th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $19.41.
Shares of Coty (NYSE:COTY) opened at $20.52 on Thursday. The firm has a market cap of $15,380.00, a price-to-earnings ratio of -34.78, a price-to-earnings-growth ratio of 2.05 and a beta of 0.37. The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80. Coty has a 12-month low of $14.24 and a 12-month high of $20.88.
Coty (NYSE:COTY) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Coty had a negative net margin of 5.02% and a positive return on equity of 4.26%. The firm’s revenue for the quarter was up 107.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. equities research analysts expect that Coty will post 0.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.50 annualized dividend and a yield of 2.44%. Coty’s dividend payout ratio (DPR) is presently -84.75%.
In related news, insider Edgar O. Huber acquired 4,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was acquired at an average cost of $17.74 per share, for a total transaction of $70,960.00. Following the acquisition, the insider now owns 163,570 shares of the company’s stock, valued at $2,901,731.80. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Cosmetics B.V. Jab purchased 1,800,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $16.70 per share, with a total value of $30,060,000.00. Following the completion of the purchase, the insider now owns 279,608,041 shares in the company, valued at $4,669,454,284.70. The disclosure for this purchase can be found here. Insiders acquired a total of 10,004,000 shares of company stock valued at $168,552,960 over the last 90 days. Company insiders own 1.00% of the company’s stock.
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Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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