Jefferies Group Weighs in on Coty Inc.’s Q2 2018 Earnings (COTY)

Coty Inc. (NYSE:COTY) – Jefferies Group cut their Q2 2018 earnings estimates for Coty in a research report issued on Friday. Jefferies Group analyst S. Wissink now anticipates that the company will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.22. Jefferies Group has a “Hold” rating and a $18.00 price objective 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.

Several other equities analysts have also weighed in on COTY. DA Davidson raised their price objective on shares of Coty from $17.50 to $18.00 and gave the company a “neutral” rating in a research report on Friday. BMO Capital Markets reduced their price objective on shares of Coty from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday. Wells Fargo & Company restated a “hold” rating and set a $17.00 price objective on shares of Coty in a research report on Thursday, November 9th. Stifel Nicolaus set a $25.00 price objective on shares of Coty and gave the company a “buy” rating in a research report on Monday, August 21st. Finally, Bank of America Corporation reduced their price objective on shares of Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $19.30.

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Coty (COTY) traded up $0.44 during trading hours on Monday, hitting $16.75. 8,026,300 shares of the stock traded hands, compared to its average volume of 5,603,503. Coty has a one year low of $14.24 and a one year high of $20.88. 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 company has a market cap of $12,211.07, a price-to-earnings ratio of 29.66, a price-to-earnings-growth ratio of 1.65 and a beta of 0.31.

Coty (NYSE:COTY) last announced its earnings results on Thursday, November 9th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. Coty had a negative net margin of 0.72% and a negative return on equity of 0.84%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. Coty’s revenue was up 107.3% compared to the same quarter last year.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.50 annualized dividend and a yield of 2.99%. Coty’s dividend payout ratio (DPR) is presently -83.33%.

About Coty

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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