Q2 2018 EPS Estimates for Coty Inc. (COTY) Reduced by Analyst

Coty Inc. (NYSE:COTY) – Investment analysts at Jefferies Group reduced their Q2 2018 earnings estimates for shares of Coty in a note issued to investors on Friday. Jefferies Group analyst S. Wissink now expects that the company will post earnings per share of $0.21 for the quarter, down from their previous forecast of $0.22. Jefferies Group currently has a “Hold” rating and a $18.00 target price on the stock. Jefferies Group also issued estimates for Coty’s Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.25 EPS, Q2 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.31 EPS and FY2019 earnings at $0.88 EPS.

COTY has been the topic of several other reports. Berenberg Bank lowered Coty from a “hold” rating to a “sell” rating and dropped their price target for the company from $17.50 to $15.00 in a research report on Wednesday, August 30th. BMO Capital Markets set a $24.00 price target on Coty and gave the company a “buy” rating in a research report on Tuesday, August 22nd. DA Davidson assumed coverage on Coty in a research report on Tuesday, October 17th. They set a “neutral” rating and a $17.50 price target on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $18.00 price target on shares of Coty in a research report on Friday, October 20th. Finally, Bank of America Corporation dropped their target price on Coty from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Coty presently has an average rating of “Hold” and an average price target of $19.30.

TRADEMARK VIOLATION WARNING: “Q2 2018 EPS Estimates for Coty Inc. (COTY) Reduced by Analyst” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.chaffeybreeze.com/2017/11/13/q2-2018-eps-estimates-for-coty-inc-coty-reduced-by-analyst.html.

Coty (COTY) traded up $0.44 during mid-day trading on Monday, hitting $16.75. The company had a trading volume of 7,896,473 shares, compared to its average volume of 5,592,389. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 1.08. The firm has a market cap of $12,211.07, a price-to-earnings ratio of 29.66, a P/E/G ratio of 1.65 and a beta of 0.31. Coty has a twelve month low of $14.24 and a twelve month high of $20.88.

Coty (NYSE:COTY) last released its earnings results on Thursday, November 9th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The business’s revenue was up 107.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.50 annualized dividend and a yield of 2.99%. Coty’s dividend payout ratio is currently -83.33%.

In other news, major shareholder Cosmetics B.V. Jab bought 2,600,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was acquired at an average price of $16.30 per share, with a total value of $42,380,000.00. Following the completion of the purchase, the insider now directly owns 276,408,041 shares of the company’s stock, valued at approximately $4,505,451,068.30. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Camillo Pane bought 48,485 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average cost of $16.50 per share, with a total value of $800,002.50. Following the purchase, the chief executive officer now directly owns 336,142 shares of the company’s stock, valued at $5,546,343. The disclosure for this purchase can be found here. Insiders have purchased 2,979,505 shares of company stock valued at $48,661,242 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Coty Company Profile

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.

Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply