Wall Street brokerages predict that Avon Products, Inc. (NYSE:AVP) will announce sales of $1.44 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Avon Products’ earnings. The lowest sales estimate is $1.42 billion and the highest is $1.47 billion. Avon Products reported sales of $1.43 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.7%. The company 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 sales of $1.44 billion for the current fiscal year, with estimates ranging from $5.82 billion to $5.91 billion. For the next financial year, analysts expect that the company will post sales of $5.99 billion per share, with estimates ranging from $5.94 billion to $6.03 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Avon Products.

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

A number of analysts recently issued reports on the company. Zacks Investment Research lowered Avon Products from a “buy” rating to a “hold” rating in a report on Friday, April 28th. DA Davidson initiated coverage on Avon Products in a report on Thursday, July 6th. They set a “neutral” rating and a $4.25 target price for the company. Finally, ValuEngine lowered Avon Products from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Avon Products currently has a consensus rating of “Hold” and an average price target of $5.54.

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Several institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC increased its position in Avon Products by 1.9% in the first quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock valued at $100,000 after buying an additional 420 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Avon Products by 33.7% in the first quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock valued at $106,000 after buying an additional 6,058 shares in the last quarter. Point View Wealth Management Inc. increased its stake in shares of Avon Products by 4.0% in the first quarter. Point View Wealth Management Inc. now owns 25,485 shares of the company’s stock valued at $112,000 after buying an additional 981 shares in the last quarter. Parametrica Management Ltd increased its stake 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 valued at $129,000 after buying an additional 15,985 shares in the last quarter. Finally, Roundview Capital LLC bought a new stake in shares of Avon Products during the first quarter valued at $140,000. 87.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Avon Products (NYSE AVP) traded up 0.946% on Thursday, hitting $3.735. The stock had a trading volume of 855,205 shares. The company has a 50-day moving average of $3.64 and a 200-day moving average of $4.32. Avon Products has a 52-week low of $3.24 and a 52-week high of $6.96. The company’s market cap is $1.64 billion.

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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