Analysts Expect Coty Inc. (NYSE:COTY) to Announce $0.02 Earnings Per Share

Equities analysts forecast that Coty Inc. (NYSE:COTYGet Rating) will announce earnings of $0.02 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Coty’s earnings. The highest EPS estimate is $0.16 and the lowest is ($0.02). Coty posted earnings of ($0.09) per share in the same quarter last year, which would indicate a positive year over year growth rate of 122.2%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Coty will report full year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.26 to $0.28. For the next year, analysts expect that the business will report earnings of $0.35 per share, with EPS estimates ranging from $0.27 to $0.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Coty.

Coty (NYSE:COTYGet Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. Coty had a net margin of 3.93% and a return on equity of 6.85%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. The business’s revenue for the quarter was up 15.4% on a year-over-year basis.

Several brokerages have recently commented on COTY. DA Davidson upgraded shares of Coty from a “neutral” rating to a “buy” rating in a research note on Friday, January 21st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Coty from $12.00 to $11.00 in a research note on Tuesday, May 10th. Barclays lowered their target price on shares of Coty from $10.00 to $8.00 in a research note on Wednesday, May 11th. Raymond James lowered their target price on shares of Coty from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, April 18th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Coty from $10.00 to $8.00 in a research note on Tuesday, May 10th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Coty presently has an average rating of “Buy” and an average price target of $11.05.

In related news, insider Bretten Gordon Von purchased 13,514 shares of the firm’s stock in a transaction on Tuesday, March 8th. The shares were bought at an average cost of $7.40 per share, for a total transaction of $100,003.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sue Nabi acquired 4,786 shares of Coty stock in a transaction dated Thursday, March 10th. The shares were acquired at an average cost of $8.00 per share, with a total value of $38,288.00. The disclosure for this purchase can be found here. Insiders acquired a total of 137,692 shares of company stock worth $935,907 over the last 90 days. Company insiders own 3.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in COTY. BlackRock Inc. lifted its holdings in Coty by 20.0% during the 1st quarter. BlackRock Inc. now owns 46,632,257 shares of the company’s stock valued at $419,223,000 after purchasing an additional 7,760,564 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Coty by 13.3% during the 1st quarter. Vanguard Group Inc. now owns 34,950,784 shares of the company’s stock valued at $314,208,000 after purchasing an additional 4,092,581 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Coty by 123.3% during the 1st quarter. Clearbridge Investments LLC now owns 16,862,950 shares of the company’s stock valued at $151,598,000 after purchasing an additional 9,311,527 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in Coty by 0.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 14,993,661 shares of the company’s stock valued at $157,436,000 after purchasing an additional 108,752 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Coty by 1,019.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 11,683,300 shares of the company’s stock valued at $91,831,000 after purchasing an additional 10,639,425 shares during the last quarter. 37.60% of the stock is owned by institutional investors.

Shares of COTY traded down $0.12 during mid-day trading on Monday, hitting $6.27. 8,515,308 shares of the company’s stock were exchanged, compared to its average volume of 11,059,783. The firm has a fifty day moving average of $8.11 and a two-hundred day moving average of $9.00. Coty has a twelve month low of $5.97 and a twelve month high of $11.12. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 41.80 and a beta of 2.37. The company has a quick ratio of 0.49, a current ratio of 0.69 and a debt-to-equity ratio of 1.14.

About Coty (Get Rating)

Coty Inc, together with its subsidiaries, engages in the manufacture, marketing, distribution, and sale of beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, Kim Kardashian West, and Tiffany & Co brands.

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