Zacks: Brokerages Expect Avon Products, Inc. (AVP) Will Announce Quarterly Sales of $1.59 Billion

Wall Street analysts predict that Avon Products, Inc. (NYSE:AVP) will report sales of $1.59 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Avon Products’ earnings, with estimates ranging from $1.57 billion to $1.61 billion. Avon Products reported sales of $1.57 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 1.3%. The company is scheduled to issue its next earnings report before the market opens on Thursday, February 15th.

According to Zacks, analysts expect that Avon Products will report full year sales of $1.59 billion for the current fiscal year, with estimates ranging from $5.72 billion to $5.76 billion. For the next financial year, analysts expect that the company will post sales of $5.81 billion per share, with estimates ranging from $5.73 billion to $5.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Avon Products.

Several equities research analysts recently commented on the company. DA Davidson reaffirmed a “buy” rating and set a $2.00 price objective on shares of Avon Products in a research report on Monday, November 20th. Stifel Nicolaus reissued a “hold” rating and issued a $3.00 target price on shares of Avon Products in a research report on Friday, November 3rd. Zacks Investment Research raised Avon Products from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research report on Monday, October 23rd. Bank of America cut Avon Products from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $3.00 to $2.50 in a research report on Thursday, January 4th. Finally, Jefferies Group dropped their target price on Avon Products from $2.20 to $1.75 and set an “underperform” rating on the stock in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.86.

A number of large investors have recently made changes to their positions in AVP. JPMorgan Chase & Co. boosted its position in Avon Products by 11.8% in the second quarter. JPMorgan Chase & Co. now owns 554,803 shares of the company’s stock worth $2,108,000 after purchasing an additional 58,666 shares during the last quarter. Thrivent Financial For Lutherans lifted its position 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 buying an additional 4,850 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Avon Products by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,705,471 shares of the company’s stock valued at $29,280,000 after buying an additional 501,656 shares in the last quarter. Shelton Capital Management purchased a new position in shares of Avon Products during the 2nd quarter valued at about $122,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Avon Products during the 2nd quarter valued at about $745,000. 83.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of Avon Products (NYSE:AVP) opened at $2.16 on Monday. The company has a current ratio of 1.42, a quick ratio of 0.97 and a debt-to-equity ratio of -2.31. Avon Products has a 12-month low of $1.85 and a 12-month high of $6.03. The company has a market capitalization of $950.40, a price-to-earnings ratio of -9.39, a P/E/G ratio of 2.43 and a beta of 1.77.

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Avon Products Company Profile

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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