Coty Inc. (COTY) Expected to Post Quarterly Sales of $2.14 Billion
Equities research analysts expect Coty Inc. (NYSE:COTY) to post sales of $2.14 billion for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Coty’s earnings, with estimates ranging from $1.94 billion to $2.22 billion. Coty reported sales of $1.08 billion during the same quarter last year, which indicates a positive year over year growth rate of 98.1%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, August 15th.
On average, analysts expect that Coty will report full year sales of $2.14 billion for the current year, with estimates ranging from $7.35 billion to $7.62 billion. For the next financial year, analysts expect that the firm will report sales of $8.77 billion per share, with estimates ranging from $8.02 billion to $9.27 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Coty.
Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, May 10th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. Coty had a negative net margin of 2.29% and a positive return on equity of 9.12%. The company had revenue of $2.03 million for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue was down 99.8% compared to the same quarter last year.
COTY has been the subject of a number of research reports. J P Morgan Chase & Co initiated coverage on shares of Coty in a research note on Tuesday, March 21st. They set an “underweight” rating and a $16.00 target price for the company. Zacks Investment Research upgraded shares of Coty from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. BMO Capital Markets restated a “buy” rating and set a $24.00 target price on shares of Coty in a research note on Tuesday, April 4th. Jefferies Group LLC initiated coverage on shares of Coty in a research note on Friday, June 2nd. They set a “hold” rating and a $17.00 target price for the company. Finally, Societe Generale initiated coverage on shares of Coty in a research note on Monday, June 12th. They set a “buy” rating and a $21.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.17.
In other Coty news, insider Laurent Kleitman acquired 4,400 shares of the company’s stock in a transaction on Friday, June 9th. The stock was acquired at an average price of $18.63 per share, for a total transaction of $81,972.00. Following the purchase, the insider now directly owns 35,400 shares of the company’s stock, valued at $659,502. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter Harf acquired 26,500 shares of the company’s stock in a transaction on Friday, June 16th. The stock was acquired at an average price of $19.00 per share, with a total value of $503,500.00. The disclosure for this purchase can be found here. Insiders acquired a total of 188,620 shares of company stock valued at $3,588,363 in the last quarter. Corporate insiders own 16.10% of the company’s stock.
Coty (NYSE COTY) opened at 19.03 on Wednesday. The stock’s 50 day moving average is $19.01 and its 200 day moving average is $18.71. Coty has a 12-month low of $16.95 and a 12-month high of $30.13. The company’s market cap is $14.23 billion.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Wednesday, May 31st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Friday, May 26th. Coty’s dividend payout ratio (DPR) is -200.00%.
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Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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