Equities analysts expect that Coty Inc (NYSE:COTY) will post earnings of $0.17 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Coty’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.13. Coty reported earnings per share of $0.14 in the same quarter last year, which would suggest a positive year over year growth rate of 21.4%. The firm is scheduled to issue its next earnings report on Tuesday, August 20th.
According to Zacks, analysts expect that Coty will report full-year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.67. For the next year, analysts anticipate that the company will report earnings of $0.68 per share, with EPS estimates ranging from $0.60 to $0.77. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Coty.
Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.06 billion. Coty had a negative net margin of 13.20% and a positive return on equity of 5.78%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS.
A number of research firms have recently issued reports on COTY. BMO Capital Markets upped their target price on shares of Coty to $15.00 and gave the stock a “positive” rating in a report on Thursday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Coty in a report on Tuesday, March 5th. Zacks Investment Research raised shares of Coty from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Citigroup lowered shares of Coty from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $13.00 to $12.00 in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Coty to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $13.38.
In other news, major shareholder Holdco B.V. Cottage purchased 150,000,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were purchased at an average price of $11.65 per share, with a total value of $1,747,500,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Advisor Group Inc. boosted its position in shares of Coty by 35.7% during the 1st quarter. Advisor Group Inc. now owns 3,359 shares of the company’s stock valued at $40,000 after acquiring an additional 883 shares during the last quarter. Advisory Services Network LLC acquired a new position in Coty in the fourth quarter valued at about $25,000. Moody National Bank Trust Division acquired a new position in Coty in the first quarter valued at about $44,000. Truvestments Capital LLC acquired a new position in Coty in the first quarter valued at about $56,000. Finally, Rockefeller Capital Management L.P. lifted its position in Coty by 27.9% in the first quarter. Rockefeller Capital Management L.P. now owns 6,443 shares of the company’s stock valued at $74,000 after buying an additional 1,405 shares during the last quarter. 66.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Coty stock traded up $0.16 during trading hours on Monday, reaching $11.73. 38,266,995 shares of the company’s stock were exchanged, compared to its average volume of 18,585,692. Coty has a 1 year low of $5.91 and a 1 year high of $14.87. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 2.61 and a beta of 0.88. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 1.00.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.50 annualized dividend and a dividend yield of 4.26%. Coty’s payout ratio is 72.46%.
Coty Company Profile
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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