Revlon (NYSE:REV) released its quarterly earnings data on Friday. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.54, MarketWatch Earnings reports. The firm had revenue of $655.40 million during the quarter, compared to analyst estimates of $639.60 million. During the same period in the prior year, the company earned ($0.38) EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year.
Shares of REV stock opened at $28.61 on Friday. Revlon has a one year low of $14.00 and a one year high of $29.62.
REV has been the topic of several analyst reports. ValuEngine upgraded Revlon from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 target price on shares of Revlon in a report on Friday, August 10th. Finally, Zacks Investment Research cut Revlon from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 15th.
In related news, Director Ronald O. Perelman bought 75,000 shares of Revlon stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average cost of $17.30 per share, for a total transaction of $1,297,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald O. Perelman purchased 20,000 shares of the business’s stock in a transaction on Monday, August 20th. The shares were acquired at an average price of $17.47 per share, for a total transaction of $349,400.00. The disclosure for this purchase can be found here. Insiders purchased 290,000 shares of company stock worth $5,618,400 over the last quarter. 85.00% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Symons Capital Management Inc. bought a new position in shares of Revlon during the 3rd quarter worth approximately $206,000. Allianz Asset Management GmbH boosted its holdings in shares of Revlon by 104.7% during the 1st quarter. Allianz Asset Management GmbH now owns 13,464 shares of the company’s stock worth $277,000 after buying an additional 300,000 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Revlon during the 2nd quarter worth approximately $295,000. Russell Investments Group Ltd. bought a new position in shares of Revlon during the 2nd quarter worth approximately $300,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of Revlon by 18.4% during the 3rd quarter. Alliancebernstein L.P. now owns 19,300 shares of the company’s stock worth $430,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 14.70% of the company’s stock.
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Revlon, Inc, through its subsidiaries, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Consumer segment offers cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; women's hair color products under the Revlon ColorSilk brand; beauty tools under the Revlon brand; nail care products under the Cutex brand; and anti-perspirant deodorants under the Mitchum name, as well as skin care line under the Natural Honey brand and hair color line under the Llongueras brand.
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