Coty (NYSE:COTY – Get Free Report)’s stock price traded up 13.7% during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $4.02 and last traded at $3.9450. 1,410,089 shares were traded during mid-day trading, a decline of 84% from the average session volume of 8,671,612 shares. The stock had previously closed at $3.47.
The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion. Coty had a positive return on equity of 5.68% and a negative net margin of 10.42%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share.
Coty News Summary
Here are the key news stories impacting Coty this week:
- Positive Sentiment: Fiscal Q1 adjusted earnings were $0.16 per share, ahead of the $0.12 consensus and up from $0.12 a year earlier. Revenue of $1.56 billion also topped expectations of $1.53 billion. Coty said adjusted EBITDA and free cash flow were ahead of expectations as well. Coty Announces First Quarter Fiscal Year 2027 Results
- Positive Sentiment: Coty secured a 40-year extension of its Marc Jacobs Beauty license, preserving a key prestige fragrance brand in its portfolio and giving the partnership long-term continuity. Coty Extends Marc Jacobs License
- Negative Sentiment: Revenue fell 1.4% year over year, and Coty forecast a soft second-quarter profit as higher costs weigh on its turnaround efforts. The cautious near-term outlook tempers the quarterly earnings beat. Coty forecasts soft second-quarter profit
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 30th. TD Cowen assumed coverage on shares of Coty in a research report on Friday, October 30th. They issued a “hold” rating on the stock. Morgan Stanley raised their target price on shares of Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $3.00 price objective on shares of Coty in a research note on Friday, August 21st. Finally, Zacks Research lowered shares of Coty from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $3.21.
Get Our Latest Stock Report on Coty
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in COTY. Gryphon Financial Partners LLC bought a new stake in shares of Coty in the 3rd quarter worth approximately $29,000. M&G PLC grew its stake in Coty by 7.9% during the third quarter. M&G PLC now owns 3,675,063 shares of the company’s stock worth $9,592,000 after buying an additional 268,653 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Coty during the 3rd quarter valued at $36,000. Moss Adams Wealth Advisors LLC bought a new position in shares of Coty in the third quarter valued at about $29,000. Finally, Citizens Financial Group Inc. RI lifted its position in shares of Coty by 38.6% during the third quarter. Citizens Financial Group Inc. RI now owns 18,170 shares of the company’s stock worth $47,000 after purchasing an additional 5,059 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.
Coty Trading Up 17.2%
The company has a quick ratio of 0.42, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. The company has a market cap of $3.58 billion, a P/E ratio of -5.76, a P/E/G ratio of 0.64 and a beta of 0.83. The business has a 50-day moving average price of $2.89 and a two-hundred day moving average price of $2.54.
Coty Company Profile
Coty Inc is a global beauty company that develops, manufactures and markets fragrances, cosmetics, skin care and body-care products. Its portfolio includes luxury, prestige and mass-market brands, with products sold through department stores, specialty retailers, e-commerce platforms and other distribution channels.
The company’s brands have included CoverGirl, Rimmel London, Max Factor, Bourjois, Gucci Beauty, Calvin Klein, Marc Jacobs, Burberry, Hugo Boss and Chloé, among others. Coty also participates in professional beauty through hair-care and salon brands, including the Wella portfolio.
Founded in Paris in 1904 by François Coty, the company built its early reputation in fragrance before expanding into broader beauty categories and international markets.
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