Coty (COTY) Releases Quarterly Earnings, Misses Estimates By $0.02 EPS
Coty (NYSE:COTY) posted its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.02, American Banking and Market News reports.
Coty (NYSE:COTY) opened at 18.01 on Thursday. Coty has a 52 week low of $12.83 and a 52 week high of $18.95. The stock has a 50-day moving average of $17.50 and a 200-day moving average of $16.. The company’s market cap is $6.833 billion.
A number of research firms have recently commented on COTY. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Coty in a research note on Wednesday, July 16th. They now have a $20.00 price target on the stock, up previously from $18.00. Analysts at BMO Capital Markets initiated coverage on shares of Coty in a research note on Monday, June 30th. They set an “outperform” rating and a $19.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $17.11.
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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