Revlon (REV) Releases Quarterly Earnings, Misses Expectations By $0.26 EPS
Revlon (NYSE:REV) issued its quarterly earnings data on Thursday. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.26, AnalystRatingsNetwork.com reports. The company had revenue of $339.40 million for the quarter, compared to the consensus estimate of $342.30 million.
A number of analysts have recently weighed in on REV shares. Analysts at BMO Capital Markets downgraded shares of Revlon from an “outperform” rating to a “market perform” rating in a research note to investors on Monday. They now have a $31.00 price target on the stock. They noted that the move was a valuation call.
Shares of Revlon (NYSE:REV) traded down 2.97% during mid-day trading on Thursday, hitting $26.7999. The stock had a trading volume of 12,308 shares. Revlon has a 52 week low of $13.91 and a 52 week high of $27.02. The stock has a 50-day moving average of $24.30 and a 200-day moving average of $22.13. The company has a market cap of $1.403 billion and a price-to-earnings ratio of 29.32.
Revlon, Inc is a holding company. The Company operates its business through its wholly owned subsidiary, Revlon Consumer Products Corporation and its subsidiaries.
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