Shares of Revlon Inc (NYSE:REV) have been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Analysts have set a 1-year consensus target price of $21.00 for the company and are predicting that the company will post ($0.71) earnings per share for the current quarter, according to Zacks. Zacks has also given Revlon an industry rank of 24 out of 256 based on the ratings given to related companies.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.
In other news, Director Ronald O. Perelman acquired 30,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were acquired at an average price of $23.19 per share, for a total transaction of $695,700.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald O. Perelman acquired 50,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were purchased at an average price of $21.55 per share, for a total transaction of $1,077,500.00. The disclosure for this purchase can be found here. Insiders have acquired 240,000 shares of company stock worth $5,231,000 in the last quarter. Company insiders own 87.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. CenterStar Asset Management LLC bought a new stake in shares of Revlon in the 1st quarter worth $49,000. Quantamental Technologies LLC acquired a new stake in Revlon in the 1st quarter valued at about $25,000. BNP Paribas Arbitrage SA lifted its stake in Revlon by 428.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,924 shares of the company’s stock valued at $37,000 after purchasing an additional 1,560 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Revlon in the 4th quarter valued at about $131,000. Finally, Cetera Advisors LLC acquired a new stake in Revlon in the 4th quarter valued at about $697,000. Hedge funds and other institutional investors own 13.48% of the company’s stock.
REV traded up $0.01 during midday trading on Wednesday, reaching $20.60. The company had a trading volume of 29,312 shares, compared to its average volume of 67,238. The company has a market capitalization of $1.08 billion, a PE ratio of -5.58 and a beta of 0.27. Revlon has a 12-month low of $14.00 and a 12-month high of $29.62. The business’s 50-day moving average price is $21.02.
Revlon (NYSE:REV) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($1.20) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.47). The business had revenue of $553.20 million for the quarter, compared to analyst estimates of $553.60 million. The company’s quarterly revenue was down 1.3% on a year-over-year basis. Research analysts forecast that Revlon will post -2.76 EPS for the current fiscal year.
Revlon Company Profile
Revlon, Inc, through its subsidiaries, develops, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Relvon segment offers color cosmetics and beauty tools under the Revlon brand; and hair color under the Revlon ColorSilk and Revlon Professional brands.
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