Avon Products, Inc. (AVP) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS
Avon Products, Inc. (NYSE:AVP) issued its quarterly earnings results on Wednesday. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04), Bloomberg Earnings reports. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 earnings per share.
Several equities analysts recently commented on AVP shares. Zacks Investment Research upgraded shares of Avon Products from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a report on Monday, October 23rd. Royal Bank Of Canada reiterated a “hold” rating and set a $3.00 price target on shares of Avon Products in a report on Friday, October 13th. Stifel Nicolaus reiterated a “hold” rating and set a $4.00 price target (down from $4.50) on shares of Avon Products in a report on Wednesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and set a $3.00 price target (down from $5.00) on shares of Avon Products in a report on Friday, August 4th. Finally, DA Davidson began coverage on shares of Avon Products in a research note on Thursday, July 6th. They issued a “neutral” rating and a $4.25 target price on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Avon Products has a consensus rating of “Hold” and an average target price of $3.37.
About Avon Products
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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