Brokerages expect that Avon Products, Inc. (NYSE:AVP) will report $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Avon Products’ earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.09. Avon Products posted earnings of $0.07 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 28.6%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, August 3rd.

According to Zacks, analysts expect that Avon Products will report full year earnings of $0.21 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.25. For the next fiscal year, analysts forecast that the company will report earnings of $0.36 per share, with EPS estimates ranging from $0.25 to $0.48. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Avon Products.

Avon Products (NYSE:AVP) last posted its quarterly earnings results on Thursday, May 4th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.08. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. Avon Products had a net margin of 0.26% and a negative return on equity of 3.68%. Avon Products’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) EPS.

AVP has been the subject of a number of recent research reports. Zacks Investment Research downgraded Avon Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 9th. ValuEngine downgraded Avon Products from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, DA Davidson initiated coverage on Avon Products in a research note on Thursday, July 6th. They set a “neutral” rating and a $4.25 price target for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $5.54.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Shah Capital Management increased its position in shares of Avon Products by 5.8% in the first quarter. Shah Capital Management now owns 3,266,908 shares of the company’s stock worth $14,374,000 after buying an additional 178,804 shares during the period. Beech Hill Advisors Inc. increased its position in shares of Avon Products by 16.8% in the first quarter. Beech Hill Advisors Inc. now owns 86,800 shares of the company’s stock worth $382,000 after buying an additional 12,500 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Avon Products by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 110,600 shares of the company’s stock worth $487,000 after buying an additional 2,400 shares during the period. Americafirst Capital Management LLC bought a new position in shares of Avon Products during the first quarter worth about $689,000. Finally, Parametrica Management Ltd increased its position in shares of Avon Products by 119.7% in the first quarter. Parametrica Management Ltd now owns 29,338 shares of the company’s stock worth $129,000 after buying an additional 15,985 shares during the period. Institutional investors own 87.10% of the company’s stock.

Shares of Avon Products (NYSE AVP) traded up 1.92% during trading on Tuesday, reaching $3.72. 1,782,384 shares of the company’s stock were exchanged. The firm’s market cap is $1.64 billion. Avon Products has a 12 month low of $3.24 and a 12 month high of $6.96. The stock has a 50-day moving average price of $3.63 and a 200 day moving average price of $4.34.

Avon Products Company Profile

Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).

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Earnings History and Estimates for Avon Products (NYSE:AVP)

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