Coty (COTY) Announces Quarterly Earnings, Beats Expectations By $0.13 EPS
Coty (NYSE:COTY) issued its quarterly earnings data on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.13, StockRatingsNetwork.com reports. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1,000.00 million.
Coty (NYSE:COTY) opened at 15.44 on Wednesday. Coty has a one year low of $12.83 and a one year high of $17.74. The stock has a 50-day moving average of $15.53 and a 200-day moving average of $15.15. The company has a market cap of $5.939 billion and a P/E ratio of 46.86.
COTY has been the subject of a number of recent research reports. Analysts at Bank of America reiterated a “buy” rating on shares of Coty in a research note on Wednesday, March 12th. They now have a $17.00 price target on the stock, up previously from $16.00. Analysts at Barclays cut their price target on shares of Coty from $16.00 to $14.00 in a research note on Tuesday, February 18th. They now have an “equal weight” rating on the stock. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $17.19.
Coty Inc is engaged in manufacturing, marketing and distribution of women’s and men’s fragrances, color cosmetics and skin and body care related products globally.
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