Revlon Inc (REV) Releases Earnings Results, Misses Estimates By $0.51 EPS
Revlon Inc (NYSE:REV) posted its quarterly earnings data on Friday. The company reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.51), Bloomberg Earnings reports. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%. The business had revenue of $666.50 million for the quarter, compared to analyst estimates of $604.50 million.
Shares of Revlon (REV) traded down $0.25 during mid-day trading on Friday, hitting $22.20. 646,318 shares of the stock were exchanged, compared to its average volume of 175,155. The company has a debt-to-equity ratio of -3.95, a quick ratio of 0.73 and a current ratio of 1.36. The company has a market cap of $1.17 billion, a PE ratio of 60.81 and a beta of 0.65. Revlon has a 12 month low of $15.60 and a 12 month high of $36.80.
A number of research firms have recently commented on REV. ValuEngine downgraded shares of Revlon from a “hold” rating to a “sell” rating in a research note on Friday, September 15th. Jefferies Group LLC began coverage on shares of Revlon in a research note on Wednesday, September 13th. They set a “hold” rating and a $16.00 price objective for the company. Finally, BidaskClub downgraded shares of Revlon from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th.
In other news, Director Ronald O. Perelman bought 419,127 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald O. Perelman bought 200,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was purchased at an average cost of $18.68 per share, for a total transaction of $3,736,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,698,314 shares of company stock worth $31,129,986. 78.00% of the stock is owned by insiders.
ILLEGAL ACTIVITY WARNING: “Revlon Inc (REV) Releases Earnings Results, Misses Estimates By $0.51 EPS” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/04/revlon-inc-rev-releases-earnings-results-misses-estimates-by-0-51-eps.html.
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.
Receive News & Ratings for Revlon Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revlon Inc and related companies with MarketBeat.com's FREE daily email newsletter.