Equities Analysts Set Expectations for Revlon, Inc.’s Q3 2017 Earnings (REV)
Revlon, Inc. (NYSE:REV) – Investment analysts at Jefferies Group issued their Q3 2017 earnings estimates for shares of Revlon in a research note issued to investors on Wednesday. Jefferies Group analyst S. Wissink anticipates that the company will earn $0.41 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $16.00 price target on the stock. Jefferies Group also issued estimates for Revlon’s Q4 2017 earnings at $0.28 EPS, FY2017 earnings at ($1.11) EPS, Q1 2018 earnings at ($0.42) EPS, Q2 2018 earnings at ($0.23) EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at ($0.69) EPS, Q1 2019 earnings at ($0.36) EPS, Q2 2019 earnings at ($0.09) EPS and FY2019 earnings at ($0.40) EPS.
Separately, BidaskClub downgraded Revlon from a “hold” rating to a “sell” rating in a report on Thursday, July 13th.
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Shares of Revlon (NYSE REV) opened at 15.98 on Friday. The company’s market cap is $840.52 million. Revlon has a one year low of $15.60 and a one year high of $37.96. The company has a 50 day moving average price of $17.71 and a 200 day moving average price of $22.67.
Revlon (NYSE:REV) last announced its quarterly earnings results on Friday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter. The company had revenue of $645.70 million during the quarter. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REV. Advisor Group Inc. acquired a new stake in Revlon during the second quarter valued at approximately $114,000. The Manufacturers Life Insurance Company boosted its holdings in Revlon by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 11,024 shares of the company’s stock valued at $261,000 after purchasing an additional 137 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Revlon by 625.7% during the second quarter. Tower Research Capital LLC TRC now owns 12,337 shares of the company’s stock valued at $292,000 after purchasing an additional 10,637 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Revlon by 2.4% during the second quarter. Goldman Sachs Group Inc. now owns 12,379 shares of the company’s stock valued at $293,000 after purchasing an additional 296 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Revlon by 2.1% during the second quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock valued at $327,000 after purchasing an additional 280 shares in the last quarter. 13.99% of the stock is currently owned by institutional investors.
In related news, Director Ronald O. Perelman acquired 419,127 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were bought at an average cost of $18.55 per share, with a total value of $7,774,805.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald O. Perelman acquired 120,618 shares of the firm’s stock in a transaction on Monday, June 19th. The shares were bought at an average cost of $22.91 per share, for a total transaction of $2,763,358.38. The disclosure for this purchase can be found here. Insiders have acquired 1,426,204 shares of company stock worth $28,846,238 over the last ninety days. Company insiders own 78.00% of the company’s stock.
Revlon, Inc manufactures, markets and sells around the world a range of beauty and personal care products, including color cosmetics, hair color, hair care and hair treatments, as well as beauty tools, men’s grooming products, anti-perspirant deodorants, fragrances, skincare and other beauty care products.
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