Equities analysts expect that Avon Products, Inc. (NYSE:AVP) will report earnings of $0.01 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Avon Products’ earnings, with estimates ranging from ($0.01) to $0.02. Avon Products reported earnings per share of $0.03 during the same quarter last year, which indicates a negative year-over-year growth rate of 66.7%. The business is scheduled to announce its next earnings results before the market opens on Thursday, November 1st.
According to Zacks, analysts expect that Avon Products will report full year earnings of $0.08 per share for the current year, with EPS estimates ranging from $0.07 to $0.09. For the next fiscal year, analysts forecast that the company will report earnings of $0.16 per share, with EPS estimates ranging from $0.07 to $0.23. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Avon Products.
Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, August 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). Avon Products had a net margin of 0.83% and a negative return on equity of 9.10%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned ($0.03) earnings per share. Avon Products’s quarterly revenue was down 3.2% on a year-over-year basis.
AVP has been the subject of several research reports. ValuEngine cut shares of Avon Products from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Jefferies Financial Group raised shares of Avon Products from an “underperform” rating to a “hold” rating and set a $1.75 price target for the company in a research report on Wednesday, July 18th. Zacks Investment Research raised shares of Avon Products from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, DA Davidson raised shares of Avon Products from a “neutral” rating to a “buy” rating and upped their price target for the stock from $1.75 to $3.50 in a research report on Monday, September 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $2.66.
Shares of AVP traded up $0.03 during mid-day trading on Monday, hitting $1.87. The company’s stock had a trading volume of 2,616,620 shares, compared to its average volume of 5,367,021. Avon Products has a 52-week low of $1.38 and a 52-week high of $2.99. The stock has a market capitalization of $973.16 million, a PE ratio of 31.17, a PEG ratio of 1.83 and a beta of 1.28. The company has a debt-to-equity ratio of -1.79, a quick ratio of 0.81 and a current ratio of 1.29.
In other Avon Products news, Director James A. Mitarotonda purchased 100,000 shares of the stock in a transaction dated Monday, August 13th. The stock was purchased at an average price of $1.69 per share, with a total value of $169,000.00. Following the transaction, the director now owns 8,333 shares of the company’s stock, valued at $14,082.77. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James A. Mitarotonda purchased 500,000 shares of the stock in a transaction dated Thursday, August 9th. The stock was acquired at an average cost of $1.82 per share, with a total value of $910,000.00. Following the transaction, the director now directly owns 8,333 shares in the company, valued at approximately $15,166.06. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp raised its stake in shares of Avon Products by 1.6% during the 2nd quarter. Northern Trust Corp now owns 1,791,071 shares of the company’s stock worth $2,901,000 after acquiring an additional 27,897 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of Avon Products by 3.6% during the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 874,777 shares of the company’s stock worth $2,484,000 after acquiring an additional 30,400 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Avon Products by 10.3% during the 2nd quarter. Macquarie Group Ltd. now owns 365,900 shares of the company’s stock worth $593,000 after acquiring an additional 34,300 shares in the last quarter. CIBC World Markets Inc. bought a new position in shares of Avon Products during the 1st quarter worth approximately $111,000. Finally, NJ State Employees Deferred Compensation Plan raised its stake in shares of Avon Products by 22.9% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 215,000 shares of the company’s stock worth $348,000 after acquiring an additional 40,000 shares in the last quarter. Hedge funds and other institutional investors own 77.16% of the company’s stock.
Avon Products Company Profile
Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.
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