Equities analysts expect Coty Inc (NYSE:COTY) to report $0.12 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Coty’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.11. Coty posted earnings per share of $0.13 during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.7%. The business is expected to announce its next earnings results on Wednesday, May 8th.
According to Zacks, analysts expect that Coty will report full year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.67. For the next financial year, analysts forecast that the business will post earnings of $0.69 per share, with EPS estimates ranging from $0.61 to $0.77. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Coty.
Coty (NYSE:COTY) last released its quarterly earnings results on Friday, February 8th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.47 billion. Coty had a positive return on equity of 5.38% and a negative net margin of 13.58%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS.
A number of equities research analysts have issued reports on COTY shares. Jefferies Financial Group set a $11.00 price target on Coty and gave the company a “hold” rating in a research note on Wednesday, March 27th. Zacks Investment Research upgraded Coty from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. JPMorgan Chase & Co. upgraded Coty from an “underweight” rating to a “neutral” rating and set a $7.00 price objective for the company in a research note on Friday, January 4th. Wells Fargo & Co boosted their price objective on Coty from $9.00 to $11.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, ValuEngine upgraded Coty from a “strong sell” rating to a “sell” rating in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $13.05.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Delta Asset Management LLC TN lifted its holdings in Coty by 12.5% in the 4th quarter. Delta Asset Management LLC TN now owns 10,825 shares of the company’s stock worth $71,000 after purchasing an additional 1,200 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in Coty by 11.4% in the 4th quarter. Cetera Advisor Networks LLC now owns 16,348 shares of the company’s stock worth $108,000 after purchasing an additional 1,673 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Coty by 9.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 19,235 shares of the company’s stock worth $126,000 after purchasing an additional 1,700 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in Coty by 1.0% in the 1st quarter. Retirement Systems of Alabama now owns 209,893 shares of the company’s stock worth $2,414,000 after purchasing an additional 2,154 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in Coty by 14.8% in the 4th quarter. M&T Bank Corp now owns 18,044 shares of the company’s stock worth $119,000 after purchasing an additional 2,324 shares in the last quarter. 65.84% of the stock is currently owned by institutional investors.
Coty stock opened at $11.18 on Friday. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 2.56 and a beta of 0.93. Coty has a 52-week low of $5.91 and a 52-week high of $18.00. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 0.99.
Coty Company Profile
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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