Wall Street analysts predict that Coty Inc. (NYSE:COTY) will announce $0.09 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Coty’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.07. Coty posted earnings of $0.13 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 30.8%. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, August 22nd.
According to Zacks, analysts expect that Coty will report full year earnings of $0.75 per share for the current year, with EPS estimates ranging from $0.71 to $0.79. For the next financial year, analysts forecast that the company will post earnings of $0.91 per share, with EPS estimates ranging from $0.84 to $0.97. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Coty.
Coty (NYSE:COTY) last announced its quarterly earnings data on Wednesday, May 10th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.04. Coty had a positive return on equity of 9.12% and a negative net margin of 2.29%. The business had revenue of $2.03 million during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company earned $0.09 earnings per share. Coty’s revenue was down 99.8% compared to the same quarter last year.
A number of research firms have commented on COTY. Barclays PLC set a $19.00 target price on shares of Coty and gave the stock a “hold” rating in a research report on Saturday, May 13th. BidaskClub raised shares of Coty from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $22.00 target price on shares of Coty in a research report on Sunday, July 16th. Zacks Investment Research downgraded shares of Coty from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, Jefferies Group LLC began coverage on shares of Coty in a research report on Friday, June 2nd. They issued a “hold” rating and a $17.00 target price for the company. Four analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.17.
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In other news, insider Laurent Kleitman bought 4,400 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was bought at an average price of $18.63 per share, with a total value of $81,972.00. Following the acquisition, the insider now owns 35,400 shares of the company’s stock, valued at approximately $659,502. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter Harf bought 26,500 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was purchased at an average cost of $19.00 per share, with a total value of $503,500.00. The disclosure for this purchase can be found here. Insiders purchased a total of 188,620 shares of company stock valued at $3,588,363 in the last ninety days. 16.10% of the stock is currently owned by insiders.
Shares of Coty (NYSE:COTY) traded down 1.22% during trading on Thursday, reaching $20.23. The company’s stock had a trading volume of 7,469,170 shares. The firm’s 50-day moving average price is $19.04 and its 200-day moving average price is $18.75. The company’s market capitalization is $15.12 billion. Coty has a one year low of $16.95 and a one year high of $30.13.
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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