Zacks: Analysts Expect Coty Inc (COTY) Will Post Quarterly Sales of $2.47 Billion

Brokerages expect that Coty Inc (NYSE:COTY) will report $2.47 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Coty’s earnings, with estimates ranging from $2.27 billion to $2.58 billion. Coty reported sales of $2.30 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 7.4%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, February 8th.

On average, analysts expect that Coty will report full-year sales of $2.47 billion for the current fiscal year, with estimates ranging from $8.79 billion to $9.47 billion. For the next year, analysts anticipate that the business will post sales of $9.33 billion per share, with estimates ranging from $8.89 billion to $9.65 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Coty.

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

A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded Coty from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. BMO Capital Markets reiterated a “buy” rating and set a $24.00 target price on shares of Coty in a research report on Thursday, October 5th. KeyCorp reiterated a “hold” rating on shares of Coty in a research report on Monday, October 16th. Royal Bank of Canada reiterated a “hold” rating and set a $18.00 target price on shares of Coty in a research report on Friday, October 20th. Finally, BidaskClub lowered Coty from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.41.

In other news, insider Edgar O. Huber acquired 4,000 shares of Coty stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average cost of $17.74 per share, with a total value of $70,960.00. Following the purchase, the insider now owns 163,570 shares in the company, valued at $2,901,731.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Cosmetics B.V. Jab acquired 1,800,000 shares of Coty stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average cost of $16.70 per share, with a total value of $30,060,000.00. Following the completion of the purchase, the insider now owns 279,608,041 shares in the company, valued at approximately $4,669,454,284.70. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 10,004,000 shares of company stock valued at $168,552,960. 1.00% of the stock is owned by corporate insiders.

Shares of Coty (NYSE:COTY) opened at $20.22 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.78. Coty has a 52-week low of $14.24 and a 52-week high of $21.17. The company has a market capitalization of $15,177.19, a P/E ratio of 36.82, a price-to-earnings-growth ratio of 2.03 and a beta of 0.36.

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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.

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Earnings History and Estimates for Coty (NYSE:COTY)

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