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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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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