Avon Products Inc. (AVP) Declares Quarterly Dividend of $0.06
Avon Products (NYSE:AVP) declared a quarterly dividend on Thursday, February 13th, Analyst Ratings Net reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.06 per share on Monday, March 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.61%.
A number of research firms have recently commented on AVP. Analysts at BTIG Research initiated coverage on shares of Avon Products in a research note on Wednesday, January 29th. They set a “buy” rating on the stock. On a related note, analysts at Bank of America downgraded shares of Avon Products to a “neutral” rating in a research note on Wednesday, December 18th. Finally, analysts at Bank of America downgraded shares of Avon Products from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 18th. They now have a $18.50 price target on the stock, down previously from $22.50. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.73.
Shares of Avon Products (NYSE:AVP) opened at 15.06 on Thursday. Avon Products has a 1-year low of $14.24 and a 1-year high of $24.71. The stock has a 50-day moving average of $16.02 and a 200-day moving average of $18.84. The company’s market cap is $6.533 billion.
Avon Products (NYSE:AVP) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.75 billion. On average, analysts predict that Avon Products will post $0.97 earnings per share for the current fiscal year.
Avon Products, Inc (NYSE:AVP) is a manufacturer and marketer of beauty and related products.
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