Analysts expect Coty (NYSE:COTY) to post earnings per share (EPS) of $0.12 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Coty’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.17. Coty posted earnings of $0.15 per share during the same quarter last year, which suggests a negative year over year growth rate of 20%. The business is expected to issue its next earnings report on Wednesday, May 9th.
On average, analysts expect that Coty will report full year earnings of $0.72 per share for the current financial year, with EPS estimates ranging from $0.69 to $0.74. For the next fiscal year, analysts forecast that the firm will post earnings of $0.93 per share, with EPS estimates ranging from $0.78 to $0.98. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Coty.
Coty (NYSE:COTY) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.24 by $0.08. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Coty had a positive return on equity of 4.45% and a negative net margin of 4.15%. Coty’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share.
COTY has been the topic of several research reports. Wells Fargo set a $17.00 target price on Coty and gave the stock a “hold” rating in a research report on Monday, December 11th. BMO Capital Markets raised their target price on Coty from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Citigroup raised Coty from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, December 12th. Stifel Nicolaus reissued a “buy” rating on shares of Coty in a research report on Friday, February 9th. Finally, JPMorgan Chase raised their target price on Coty from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Monday, February 12th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Coty presently has an average rating of “Hold” and an average target price of $19.71.
Shares of NYSE:COTY opened at $18.29 on Wednesday. The stock has a market capitalization of $13,834.99, a price-to-earnings ratio of 29.03, a PEG ratio of 1.98 and a beta of 0.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.93. Coty has a 52-week low of $14.24 and a 52-week high of $21.68.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.73%. Coty’s payout ratio is currently 79.37%.
In other Coty news, major shareholder Cosmetics B.V. Jab bought 4,100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were bought at an average price of $20.60 per share, with a total value of $84,460,000.00. Following the purchase, the insider now owns 287,558,041 shares of the company’s stock, valued at $5,923,695,644.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.
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Coty Company Profile
Coty Inc, together with its subsidiaries, manufactures, markets, sells, and distributes beauty products worldwide. It operates in three segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.
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