Equities analysts expect Coty Inc. (NYSE:COTY) to announce $2.17 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Coty’s earnings, with the lowest sales estimate coming in at $2.05 billion and the highest estimate coming in at $2.24 billion. Coty posted sales of $1.08 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 100.9%. The business is expected to issue its next earnings report before the market opens on Tuesday, August 22nd.

On average, analysts expect that Coty will report full year sales of $2.17 billion for the current financial year, with estimates ranging from $7.45 billion to $7.65 billion. For the next fiscal year, analysts forecast that the company will post sales of $8.85 billion per share, with estimates ranging from $8.37 billion to $9.28 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Coty.

A number of research firms have commented on COTY. BidaskClub upgraded shares of Coty from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Societe Generale started coverage on shares of Coty in a report on Monday, June 12th. They set a “buy” rating and a $21.00 target price on the stock. Barclays PLC set a $19.00 target price on shares of Coty and gave the stock a “hold” rating in a report on Saturday, May 13th. Jefferies Group LLC started coverage on shares of Coty in a report on Friday, June 2nd. They issued a “hold” rating and a $17.00 price objective on the stock. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $22.00 target price on shares of Coty in a research note on Thursday, June 8th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $23.17.

WARNING: “$2.17 Billion in Sales Expected for Coty Inc. (COTY) This Quarter” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/08/16/2-17-billion-in-sales-expected-for-coty-inc-coty-this-quarter.html.

In related news, insider Sebastien Froidefond bought 13,461 shares of Coty stock in a transaction dated Thursday, June 15th. The shares were bought at an average cost of $18.95 per share, with a total value of $255,085.95. Following the acquisition, the insider now owns 62,640 shares in the company, valued at approximately $1,187,028. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Greerson Greene Mcmullen bought 11,300 shares of Coty stock in a transaction dated Thursday, May 25th. The shares were bought at an average cost of $18.87 per share, for a total transaction of $213,231.00. Following the completion of the acquisition, the insider now owns 79,307 shares in the company, valued at approximately $1,496,523.09. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 188,620 shares of company stock worth $3,588,363. 16.10% of the stock is owned by company insiders.

Shares of Coty (NYSE:COTY) opened at 19.56 on Wednesday. The stock’s market capitalization is $14.62 billion. Coty has a 52-week low of $16.95 and a 52-week high of $29.30. The stock’s 50 day moving average is $19.25 and its 200 day moving average is $18.82.

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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