$0.09 Earnings Per Share Expected for Coty Inc. (NYSE:COTY) This Quarter
Wall Street analysts expect Coty Inc. (NYSE:COTY) to announce earnings per share of $0.09 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Coty’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.12. Coty reported earnings per share of $0.13 in the same quarter last year, which would suggest a negative year over year growth rate of 30.8%. The company is expected to announce its next earnings results on Tuesday, August 15th.
According to Zacks, analysts expect that Coty will report full-year earnings of $0.75 per share for the current fiscal year, with EPS estimates ranging from $0.71 to $0.79. For the next fiscal year, analysts forecast that the business will post earnings of $0.91 per share, with EPS estimates ranging from $0.84 to $0.97. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Coty.
Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Coty had a positive return on equity of 9.12% and a negative net margin of 2.29%. The business had revenue of $2.03 million for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business earned $0.09 EPS. The firm’s revenue for the quarter was down 99.8% on a year-over-year basis.
Several research firms have recently issued reports on COTY. BidaskClub lowered shares of Coty from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Societe Generale assumed coverage on shares of Coty in a research report on Monday, June 12th. They issued a “buy” rating and a $21.00 target price for the company. Barclays PLC set a $19.00 target price on shares of Coty and gave the stock a “hold” rating in a research report on Saturday, May 13th. BMO Capital Markets reaffirmed a “buy” rating and issued a $24.00 target price on shares of Coty in a research report on Tuesday, April 4th. Finally, Jefferies Group LLC began coverage on shares of Coty in a research report on Friday, June 2nd. They issued a “hold” rating and a $17.00 target price for the company. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.17.
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Coty (NYSE:COTY) traded up 2.68% on Thursday, reaching $20.34. The company had a trading volume of 7,277,038 shares. The company’s 50 day moving average is $18.89 and its 200-day moving average is $18.72. Coty has a one year low of $16.95 and a one year high of $30.13. The firm’s market capitalization is $15.21 billion.
In other news, insider Laurent Kleitman bought 4,400 shares of Coty stock in a transaction on Friday, June 9th. The shares were bought at an average cost of $18.63 per share, with a total value of $81,972.00. Following the completion of the purchase, the insider now directly owns 35,400 shares of the company’s stock, valued at $659,502. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sebastien Froidefond bought 13,461 shares of Coty stock in a transaction on Thursday, June 15th. The shares were purchased at an average cost of $18.95 per share, for a total transaction of $255,085.95. Following the completion of the purchase, the insider now directly owns 62,640 shares of the company’s stock, valued at $1,187,028. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 188,620 shares of company stock worth $3,588,363. 16.10% of the stock is owned by company insiders.
Coty Company Profile
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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