Wall Street analysts expect that Avon Products, Inc. (NYSE:AVP) will post $0.06 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Avon Products’ earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.03. Avon Products reported earnings of $0.01 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 500%. The business is expected to report its next earnings report before the market opens on Thursday, February 15th.
According to Zacks, analysts expect that Avon Products will report full-year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.05) to $0.04. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.18 per share, with EPS estimates ranging from $0.13 to $0.26. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Avon Products.
A number of equities research analysts have issued reports on AVP shares. Zacks Investment Research upgraded Avon Products from a “strong sell” rating to a “hold” rating in a research note on Monday, January 8th. Royal Bank of Canada restated a “hold” rating and set a $3.00 price target on shares of Avon Products in a research note on Friday, October 13th. ValuEngine upgraded Avon Products from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Jefferies Group cut their price target on Avon Products from $2.20 to $1.75 and set an “underperform” rating for the company in a research note on Friday, November 3rd. Finally, Bank of America downgraded Avon Products from a “neutral” rating to an “underperform” rating and cut their price target for the company from $3.00 to $2.50 in a research note on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $2.86.
Institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans grew its stake in shares of Avon Products by 5.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 88,120 shares of the company’s stock valued at $335,000 after acquiring an additional 4,850 shares during the period. Verition Fund Management LLC grew its stake in shares of Avon Products by 27.3% during the 2nd quarter. Verition Fund Management LLC now owns 58,058 shares of the company’s stock valued at $221,000 after acquiring an additional 12,437 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Avon Products by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 904,400 shares of the company’s stock valued at $1,944,000 after acquiring an additional 30,900 shares during the period. Shelton Capital Management bought a new position in shares of Avon Products during the 2nd quarter valued at approximately $122,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Avon Products by 169.0% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,362 shares of the company’s stock valued at $114,000 after acquiring an additional 32,268 shares during the period. Institutional investors and hedge funds own 83.08% of the company’s stock.
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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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