Brokerages Anticipate Avon Products, Inc. (AVP) Will Post Quarterly Sales of $1.41 Billion
Equities analysts predict that Avon Products, Inc. (NYSE:AVP) will announce $1.41 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Avon Products’ earnings. The highest sales estimate is $1.42 billion and the lowest is $1.39 billion. Avon Products also reported sales of $1.41 billion during the same quarter last year. The company is expected to issue its next earnings results before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Avon Products will report full-year sales of $1.41 billion for the current financial year, with estimates ranging from $5.75 billion to $5.81 billion. For the next financial year, analysts expect that the firm will report sales of $5.88 billion per share, with estimates ranging from $5.82 billion to $5.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Avon Products.
Avon Products (NYSE:AVP) last released its earnings results on Thursday, August 3rd. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.10). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS.
A number of research analysts have recently weighed in on AVP shares. Zacks Investment Research lowered Avon Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. DA Davidson started coverage on Avon Products in a report on Thursday, July 6th. They issued a “neutral” rating and a $4.25 target price on the stock. Jefferies Group LLC started coverage on Avon Products in a report on Wednesday, September 13th. They issued an “underperform” rating and a $2.20 target price on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $3.00 target price on shares of Avon Products in a report on Friday, October 13th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $3.00 target price (down previously from $5.00) on shares of Avon Products in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $3.37.
A number of large investors have recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D increased its position in Avon Products by 3.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 6,000,000 shares of the company’s stock worth $13,980,000 after buying an additional 200,000 shares during the last quarter. Verition Fund Management LLC increased its position in Avon Products by 27.3% in the second quarter. Verition Fund Management LLC now owns 58,058 shares of the company’s stock worth $221,000 after buying an additional 12,437 shares during the last quarter. Arrowstreet Capital Limited Partnership increased 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 buying an additional 2,141,208 shares during the last quarter. Alpine Global Management LLC purchased a new stake in Avon Products in the second quarter worth $100,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Avon Products in the second quarter worth $307,000. 84.88% of the stock is owned by institutional investors and hedge funds.
Avon Products (NYSE:AVP) opened at 2.25 on Friday. The firm’s market cap is $989.89 million. Avon Products has a 52-week low of $2.11 and a 52-week high of $6.92. The firm’s 50 day moving average price is $2.39 and its 200 day moving average price is $3.26.
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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