$0.06 EPS Expected for Avon Products, Inc. (AVP) This Quarter

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.

Avon Products (NYSE AVP) traded down $0.03 during midday trading on Friday, reaching $2.16. The company had a trading volume of 4,190,049 shares, compared to its average volume of 3,614,722. The company has a market cap of $963.59, a P/E ratio of -8.64, a price-to-earnings-growth ratio of 2.46 and a beta of 1.77. Avon Products has a 52 week low of $1.85 and a 52 week high of $6.03. The company has a debt-to-equity ratio of -2.31, a current ratio of 1.42 and a quick ratio of 0.97.

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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Earnings History and Estimates for Avon Products (NYSE:AVP)

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