Wall Street analysts expect that Coty Inc (NYSE:COTY) will post sales of $2.06 billion for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Coty’s earnings, with estimates ranging from $2.01 billion to $2.14 billion. Coty reported sales of $2.22 billion in the same quarter last year, which indicates a negative year over year growth rate of 7.2%. The business is expected to report its next earnings results on Wednesday, May 8th.
On average, analysts expect that Coty will report full-year sales of $8.81 billion for the current year, with estimates ranging from $8.65 billion to $8.95 billion. For the next financial year, analysts anticipate that the business will report sales of $8.95 billion, with estimates ranging from $8.60 billion to $9.15 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Coty.
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Coty (NYSE:COTY) last announced its earnings results on Friday, February 8th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Coty had a negative net margin of 13.58% and a positive return on equity of 5.38%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the business earned $0.32 earnings per share. Coty’s quarterly revenue was down 4.8% on a year-over-year basis.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Coty from a “sell” rating to a “hold” rating in a research report on Thursday. Jefferies Financial Group set a $10.00 target price on shares of Coty and gave the stock a “hold” rating in a research report on Wednesday, November 7th. TheStreet lowered shares of Coty from a “c-” rating to a “d+” rating in a research report on Friday, December 7th. Wells Fargo & Co reduced their target price on shares of Coty from $11.00 to $9.00 and set a “hold” rating on the stock in a research report on Wednesday, November 7th. Finally, Morgan Stanley lowered shares of Coty from an “overweight” rating to a “hold” rating and reduced their target price for the stock from $14.50 to $10.00 in a research report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.68.
Shares of COTY stock opened at $11.00 on Friday. Coty has a 1 year low of $5.91 and a 1 year high of $19.80. The company has a market cap of $8.30 billion, a PE ratio of 15.94, a P/E/G ratio of 2.62 and a beta of 0.81. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 0.99.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.50 annualized dividend and a yield of 4.55%. Coty’s dividend payout ratio is currently 72.46%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in Coty by 7.9% in the fourth quarter. FMR LLC now owns 63,208,973 shares of the company’s stock valued at $414,651,000 after buying an additional 4,636,912 shares during the period. Kentucky Retirement Systems acquired a new position in Coty in the fourth quarter valued at approximately $129,000. Nordea Investment Management AB lifted its holdings in Coty by 156.5% in the fourth quarter. Nordea Investment Management AB now owns 643,552 shares of the company’s stock valued at $4,222,000 after buying an additional 392,700 shares during the period. Advisory Services Network LLC acquired a new stake in Coty in the fourth quarter worth $25,000. Finally, River & Mercantile Asset Management LLP acquired a new stake in Coty in the fourth quarter worth $3,319,000. Institutional investors and hedge funds own 63.35% of the company’s stock.
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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