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.
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).
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