Wall Street brokerages expect that Coty Inc. (NYSE:COTY) will post earnings per share (EPS) of $0.23 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Coty’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.25. Coty reported earnings per share of $0.30 during the same quarter last year, which would suggest a negative year-over-year growth rate of 23.3%. The company is expected to report its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Coty will report full-year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.75. For the next year, analysts expect that the firm will post earnings of $0.93 per share, with EPS estimates ranging from $0.76 to $1.01. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Coty.

Coty (NYSE:COTY) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. Coty had a negative net margin of 5.02% and a positive return on equity of 4.26%. The business’s quarterly revenue was up 107.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share.

A number of analysts have recently issued reports on COTY shares. Royal Bank Of Canada reiterated a “hold” rating and set a $18.00 price objective on shares of Coty in a research note on Friday, October 20th. KeyCorp reiterated a “hold” rating on shares of Coty in a research note on Monday, October 16th. BMO Capital Markets reiterated a “buy” rating and set a $24.00 price objective on shares of Coty in a research note on Thursday, October 5th. Zacks Investment Research upgraded shares of Coty from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, DA Davidson started coverage on shares of Coty in a research note on Tuesday, October 17th. They set a “neutral” rating and a $17.50 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.30.

Shares of Coty (COTY) opened at $17.64 on Wednesday. The stock has a market cap of $13,161.06, a P/E ratio of 31.93, a PEG ratio of 1.78 and a beta of 0.36. Coty has a 12 month low of $14.24 and a 12 month high of $20.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 1.08.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Wednesday, November 29th. Coty’s payout ratio is currently -83.33%.

In other Coty news, major shareholder Cosmetics B.V. Jab acquired 5,400,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $16.85 per share, with a total value of $90,990,000.00. Following the completion of the acquisition, the insider now directly owns 279,608,041 shares in the company, valued at approximately $4,711,395,490.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Greerson Greene Mcmullen acquired 62,218 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was acquired at an average cost of $16.50 per share, with a total value of $1,026,597.00. Following the acquisition, the insider now owns 161,707 shares of the company’s stock, valued at $2,668,165.50. The disclosure for this purchase can be found here. Insiders have bought 10,083,788 shares of company stock valued at $169,877,660 in the last three months. Corporate insiders own 1.00% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/12/06/brokerages-expect-coty-inc-coty-will-post-earnings-of-0-23-per-share.html.

Coty Company Profile

Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Get a free copy of the Zacks research report on Coty (COTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.