Analysts forecast that Coty Inc (NYSE:COTY) will announce earnings of $0.14 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Coty’s earnings, with estimates ranging from $0.13 to $0.17. Coty reported earnings per share of $0.13 in the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The business is scheduled to announce its next quarterly earnings results on Friday, February 8th.
On average, analysts expect that Coty will report full year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.60 to $0.68. For the next fiscal year, analysts forecast that the company will report earnings of $0.69 per share, with EPS estimates ranging from $0.60 to $0.79. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Coty.
Coty (NYSE:COTY) last issued its quarterly earnings results on Friday, February 8th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Coty had a positive return on equity of 5.38% and a negative net margin of 13.58%. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the business earned $0.32 earnings per share. Coty’s revenue was down 4.8% on a year-over-year basis.
A number of research analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Coty to $10.00 and gave the stock a “neutral” rating in a research report on Monday. Zacks Investment Research cut Coty from a “hold” rating to a “sell” rating in a research report on Monday. Jefferies Financial Group set a $10.00 price target on Coty and gave the company a “hold” rating in a research note on Wednesday, November 7th. TheStreet lowered Coty from a “c-” rating to a “d+” rating in a research note on Friday, December 7th. Finally, Wells Fargo & Co cut their price target on Coty from $11.00 to $9.00 and set a “hold” rating on the stock in a research note on Wednesday, November 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $12.68.
Shares of NYSE COTY traded up $0.33 during mid-day trading on Monday, reaching $9.66. The company had a trading volume of 21,783,982 shares, compared to its average volume of 11,917,714. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.66 and a current ratio of 0.96. Coty has a one year low of $5.91 and a one year high of $21.68. The stock has a market capitalization of $7.01 billion, a P/E ratio of 14.00, a PEG ratio of 2.13 and a beta of 0.81.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date is Wednesday, February 27th. Coty’s dividend payout ratio is currently 72.46%.
In other news, CEO Pierre Laubies acquired 2,308,447 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was purchased at an average price of $8.69 per share, for a total transaction of $20,060,404.43. Following the completion of the acquisition, the chief executive officer now directly owns 2,308,447 shares in the company, valued at approximately $20,060,404.43. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Cosmetics B.V. Jab acquired 5,400,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were purchased at an average price of $8.89 per share, with a total value of $48,006,000.00. Following the acquisition, the insider now owns 294,508,041 shares of the company’s stock, valued at $2,618,176,484.49. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 11,023,447 shares of company stock worth $97,704,004. 1.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in COTY. Pearl River Capital LLC bought a new stake in shares of Coty during the fourth quarter valued at approximately $56,000. Advisor Partners LLC bought a new stake in shares of Coty during the fourth quarter valued at approximately $70,000. Delta Asset Management LLC TN increased its holdings in shares of Coty by 12.5% during the fourth quarter. Delta Asset Management LLC TN now owns 10,825 shares of the company’s stock valued at $71,000 after acquiring an additional 1,200 shares in the last quarter. Ffcm LLC increased its holdings in shares of Coty by 249.0% during the fourth quarter. Ffcm LLC now owns 13,627 shares of the company’s stock valued at $89,000 after acquiring an additional 9,722 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Coty by 14.8% during the fourth quarter. M&T Bank Corp now owns 18,044 shares of the company’s stock valued at $119,000 after acquiring an additional 2,324 shares in the last quarter. Hedge funds and other institutional investors own 66.98% of the company’s stock.
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.
Featured Article: What is the Dividend Aristocrat Index?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Coty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty and related companies with MarketBeat.com's FREE daily email newsletter.