Coty (COTY) Releases Quarterly Earnings Results
Coty (NYSE:COTY) posted its quarterly earnings results on Friday. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28, Analyst Ratings.Net reports. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Coty’s revenue was down 4.1% compared to the same quarter last year.
Shares of Coty (NYSE:COTY) traded up 8.88% on Friday, hitting $14.938. The stock had a trading volume of 1,023,151 shares. Coty has a 52 week low of $12.83 and a 52 week high of $17.74. The stock’s 50-day moving average is $14. and its 200-day moving average is $15.61. The company has a market cap of $5.740 billion and a P/E ratio of 31.25.
A number of analysts have recently weighed in on COTY shares. Analysts at Wells Fargo & Co. upgraded shares of Coty from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 6th. On a related note, analysts at RBC Capital initiated coverage on shares of Coty in a research note on Tuesday, January 7th. They set a “sector perform” rating and a $16.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Coty from an “underperform” rating to a “neutral” rating in a research note on Tuesday, November 19th. They now have a $15.90 price target on the stock. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Coty presently has an average rating of “Hold” and an average target price of $17.54.
Coty Inc is engage in the manufacturing, marketing and distribution of women’s and men’s fragrances, color cosmetics and skin and body care related products globally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.