Brokers Offer Predictions for Avon Products, Inc.’s Q3 2017 Earnings (AVP)
Avon Products, Inc. (NYSE:AVP) – Stock analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for Avon Products in a research report issued on Wednesday. Jefferies Group analyst S. Wissink forecasts that the company will earn $0.07 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’ Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.10 EPS, Q1 2018 earnings at ($0.01) EPS and FY2018 earnings at $0.25 EPS.
Several other research analysts have also recently issued reports on AVP. Zacks Investment Research cut Avon Products from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $4.00 target price (down previously from $4.50) on shares of Avon Products in a research note on Wednesday, August 9th. UBS AG decreased their target price on Avon Products from $3.50 to $2.75 and set a “sell” rating for the company in a research note on Friday, August 4th. Royal Bank Of Canada decreased their target price on Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a research note on Friday, August 4th. Finally, ValuEngine cut Avon Products from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.71.
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Avon Products (AVP) opened at 2.49 on Friday. Avon Products has a 1-year low of $2.40 and a 1-year high of $6.96. The firm’s market cap is $1.10 billion. The stock’s 50 day moving average price is $2.79 and its 200 day moving average price is $3.68.
Avon Products (NYSE:AVP) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.10). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Securities LLC lifted its holdings in shares of Avon Products by 1.9% during the first quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock valued at $100,000 after purchasing an additional 420 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of Avon Products during the second quarter valued at $100,000. Shelton Capital Management purchased a new stake in shares of Avon Products during the second quarter valued at $122,000. Oakbrook Investments LLC lifted its holdings in shares of Avon Products by 2.5% during the second quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock valued at $124,000 after purchasing an additional 800 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in shares of Avon Products by 17.5% during the second quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock valued at $133,000 after purchasing an additional 5,217 shares during the last quarter. 84.24% of the stock is owned by institutional investors and hedge funds.
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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