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.
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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.
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