Equities analysts predict that Coty (NYSE:COTY) will announce earnings of $0.12 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Coty’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.15. Coty reported earnings per share of $0.15 in the same quarter last year, which suggests a negative year-over-year growth rate of 20%. The company is expected to report its next quarterly earnings report before the market opens on Wednesday, May 9th.
On average, analysts expect that Coty will report full-year earnings of $0.71 per share for the current fiscal year, with EPS estimates ranging from $0.69 to $0.74. For the next year, analysts expect that the company will report earnings of $0.94 per share, with EPS estimates ranging from $0.79 to $1.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Coty.
Coty (NYSE:COTY) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. Coty had a positive return on equity of 4.45% and a negative net margin of 4.15%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis.
Several analysts have commented on the company. Zacks Investment Research downgraded Coty from a “hold” rating to a “sell” rating in a research note on Monday, April 16th. JPMorgan Chase increased their target price on Coty from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Monday, February 12th. Barclays set a $20.00 target price on Coty and gave the company a “hold” rating in a research note on Saturday, February 10th. Stifel Nicolaus reiterated a “buy” rating on shares of Coty in a research note on Friday, February 9th. Finally, Citigroup increased their target price on Coty from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Coty currently has an average rating of “Hold” and an average target price of $19.71.
COTY stock opened at $16.76 on Friday. Coty has a twelve month low of $14.24 and a twelve month high of $21.68. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.93 and a quick ratio of 0.66. The company has a market cap of $12,875.17, a P/E ratio of 30.12, a P/E/G ratio of 1.85 and a beta of 0.37.
In other news, major shareholder Cosmetics B.V. Jab purchased 4,100,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average cost of $20.60 per share, for a total transaction of $84,460,000.00. Following the purchase, the insider now directly owns 287,558,041 shares in the company, valued at approximately $5,923,695,644.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.
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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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