Avon Products, Inc. (NYSE:AVP) – Jefferies Group issued their Q2 2018 EPS estimates for Avon Products in a research note issued to investors on Wednesday. Jefferies Group analyst S. Wissink expects that the company will post earnings of $0.03 per share for the quarter. Jefferies Group has a “Underperform” rating and a $2.20 price objective on the stock. Jefferies Group also issued estimates for Avon Products’ Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.14 EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.08 EPS and FY2019 earnings at $0.40 EPS.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Avon Products from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. UBS AG dropped their target price on Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a report on Friday, August 4th. ValuEngine downgraded Avon Products from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. DA Davidson assumed coverage on Avon Products in a report on Thursday, July 6th. They issued a “neutral” rating and a $4.25 price objective on the stock. Finally, Royal Bank Of Canada dropped their price objective on Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.71.

TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/14/q2-2018-earnings-estimate-for-avon-products-inc-avp-issued-by-jefferies-group.html.

Avon Products (NYSE:AVP) traded down 0.79% during midday trading on Thursday, reaching $2.51. 1,169,234 shares of the company were exchanged. The stock’s market capitalization is $1.10 billion. Avon Products has a 52-week low of $2.40 and a 52-week high of $6.96. The firm’s 50-day moving average price is $2.86 and its 200 day moving average price is $3.69.

Avon Products (NYSE:AVP) last released its earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Avon Products’s revenue for the quarter was down 2.7% compared to the same quarter last year.

A number of hedge funds have recently modified their holdings of AVP. BlackRock Inc. lifted its position in Avon Products by 14,920.7% in the first quarter. BlackRock Inc. now owns 46,294,214 shares of the company’s stock worth $203,696,000 after purchasing an additional 45,986,012 shares during the period. FMR LLC lifted its position in Avon Products by 219.8% in the second quarter. FMR LLC now owns 29,804,223 shares of the company’s stock worth $113,256,000 after purchasing an additional 20,485,474 shares during the period. Bank of New York Mellon Corp lifted its position in Avon Products by 44.7% in the first quarter. Bank of New York Mellon Corp now owns 18,164,379 shares of the company’s stock worth $79,923,000 after purchasing an additional 5,611,575 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Avon Products by 155.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,517,308 shares of the company’s stock worth $13,366,000 after purchasing an additional 2,141,208 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Avon Products by 49.8% in the second quarter. Goldman Sachs Group Inc. now owns 5,878,183 shares of the company’s stock worth $22,338,000 after purchasing an additional 1,953,010 shares during the period. 84.24% of the stock is owned by hedge funds and other institutional investors.

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).

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

Receive News & Ratings for Avon Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avon Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.