Q2 2018 Earnings Estimate for Avon Products, Inc. (AVP) Issued By Jefferies Group
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.
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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).
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