Avon Products Inc (AVP) Expected to Announce Earnings of -$0.01 Per Share

Wall Street brokerages forecast that Avon Products Inc (NYSE:AVP) will post earnings of ($0.01) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Avon Products’ earnings, with estimates ranging from ($0.05) to $0.02. Avon Products posted earnings per share of ($0.07) in the same quarter last year, which would suggest a positive year over year growth rate of 85.7%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that Avon Products will report full-year earnings of $0.18 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.21. For the next year, analysts anticipate that the business will post earnings of $0.30 per share, with EPS estimates ranging from $0.24 to $0.39. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Avon Products.

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Avon Products (NYSE:AVP) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Avon Products had a negative return on equity of 6.19% and a net margin of 0.38%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS.

A number of equities research analysts have commented on the company. ValuEngine upgraded Avon Products from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded Avon Products from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Deutsche Bank increased their target price on Avon Products from $2.00 to $3.00 and gave the company a “hold” rating in a report on Friday, February 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2.00 target price on shares of Avon Products in a report on Friday, February 16th. Finally, Jefferies Group set a $2.00 target price on Avon Products and gave the company a “sell” rating in a report on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $2.47.

A number of large investors have recently made changes to their positions in the business. Yacktman Asset Management LP grew its holdings in Avon Products by 2.7% during the 4th quarter. Yacktman Asset Management LP now owns 19,641,467 shares of the company’s stock valued at $42,229,000 after buying an additional 509,083 shares during the last quarter. Investec Asset Management LTD boosted its holdings in shares of Avon Products by 54.4% during the fourth quarter. Investec Asset Management LTD now owns 12,369,917 shares of the company’s stock worth $26,595,000 after purchasing an additional 4,359,067 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Avon Products by 47.6% during the fourth quarter. Renaissance Technologies LLC now owns 11,914,500 shares of the company’s stock worth $25,616,000 after purchasing an additional 3,842,800 shares during the last quarter. Shah Capital Management boosted its holdings in shares of Avon Products by 15.1% during the fourth quarter. Shah Capital Management now owns 8,014,702 shares of the company’s stock worth $17,231,000 after purchasing an additional 1,052,412 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Avon Products by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 7,899,310 shares of the company’s stock worth $18,406,000 after purchasing an additional 193,839 shares during the last quarter. Hedge funds and other institutional investors own 83.61% of the company’s stock.

Shares of AVP traded down $0.06 on Monday, reaching $2.82. The stock had a trading volume of 4,102,553 shares, compared to its average volume of 6,735,203. The stock has a market cap of $1,268.28, a P/E ratio of 47.00, a P/E/G ratio of 1.27 and a beta of 1.43. The company has a debt-to-equity ratio of -2.62, a current ratio of 1.43 and a quick ratio of 1.05. Avon Products has a twelve month low of $1.85 and a twelve month high of $4.89.

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Avon Products Company Profile

Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.

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Earnings History and Estimates for Avon Products (NYSE:AVP)

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