Revlon (REV) Posts Quarterly Earnings Results, Misses Expectations By $1.01 EPS

Revlon (NYSE:REV) posted its earnings results on Monday. The company reported ($0.86) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($1.01), Briefing.com reports. The firm had revenue of $741.60 million for the quarter, compared to analyst estimates of $749.30 million. The business’s revenue for the quarter was down 5.7% on a year-over-year basis.

REV opened at $19.35 on Tuesday. Revlon has a twelve month low of $14.00 and a twelve month high of $29.62. The stock has a market capitalization of $1.05 billion, a PE ratio of -10.03 and a beta of 0.38.

In related news, Director Ronald O. Perelman purchased 10,000 shares of Revlon stock in a transaction that occurred on Monday, December 31st. The shares were acquired at an average price of $25.15 per share, for a total transaction of $251,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ronald O. Perelman purchased 20,000 shares of Revlon stock in a transaction that occurred on Friday, December 28th. The shares were bought at an average price of $24.76 per share, for a total transaction of $495,200.00. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 185,000 shares of company stock worth $4,416,450. 85.00% of the stock is owned by insiders.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Revlon from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, January 17th. ValuEngine lowered shares of Revlon from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Revlon in a report on Tuesday, March 5th.

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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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