Avon Products (AVP) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Avon Products (NYSE:AVP) issued its quarterly earnings results on Thursday. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05, Bloomberg Earnings reports. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Avon Products’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS.

Shares of Avon Products (AVP) traded up $0.12 on Thursday, reaching $2.39. 3,352,476 shares of the company’s stock traded hands, compared to its average volume of 3,406,995. Avon Products has a 52 week low of $1.85 and a 52 week high of $5.41. The company has a debt-to-equity ratio of -2.31, a quick ratio of 0.97 and a current ratio of 1.42. The firm has a market cap of $967.99, a PE ratio of -9.64, a PEG ratio of 2.47 and a beta of 1.77.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Shelton Capital Management acquired a new position in shares of Avon Products during the 2nd quarter valued at about $122,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Avon Products by 169.0% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,362 shares of the company’s stock valued at $114,000 after acquiring an additional 32,268 shares during the last quarter. Verition Fund Management LLC boosted its position in shares of Avon Products by 27.3% during the 2nd quarter. Verition Fund Management LLC now owns 58,058 shares of the company’s stock valued at $221,000 after acquiring an additional 12,437 shares during the last quarter. PEAK6 Investments L.P. acquired a new position in shares of Avon Products during the 3rd quarter valued at about $139,000. Finally, Schroder Investment Management Group acquired a new position in shares of Avon Products during the 3rd quarter valued at about $156,000. 83.21% of the stock is currently owned by institutional investors.

AVP has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Avon Products from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a report on Monday, October 23rd. Jefferies Group lowered their target price on shares of Avon Products from $2.20 to $1.75 and set an “underperform” rating on the stock in a research note on Friday, November 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $3.00 target price on shares of Avon Products in a research note on Friday, November 3rd. DA Davidson reaffirmed a “hold” rating and set a $2.00 target price on shares of Avon Products in a research note on Tuesday, November 7th. Finally, ValuEngine raised shares of Avon Products from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $2.86.

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About Avon Products

Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).

Earnings History for Avon Products (NYSE:AVP)

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