Revlon (REV) Posts Quarterly Earnings Results, Beats Estimates By $0.54 EPS

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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About Revlon

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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Earnings History for Revlon (NYSE:REV)

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