Brokers Issue Forecasts for Coty Inc’s Q3 2018 Earnings (COTY)

Coty Inc (NYSE:COTY) – DA Davidson reduced their Q3 2018 earnings per share (EPS) estimates for shares of Coty in a note issued to investors on Monday. DA Davidson analyst L. Weiser now anticipates that the company will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.19. DA Davidson currently has a “Neutral” rating and a $18.00 target price on the stock. DA Davidson also issued estimates for Coty’s FY2018 earnings at $0.74 EPS, Q1 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.19 EPS and FY2019 earnings at $0.94 EPS.

Coty (NYSE:COTY) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.48 billion. Coty had a negative net margin of 4.15% and a positive return on equity of 4.45%. Coty’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share.

Several other equities research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Coty from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 26th. Wells Fargo & Co set a $17.00 price objective on shares of Coty and gave the stock a “hold” rating in a research report on Monday, December 11th. BMO Capital Markets upped their price objective on shares of Coty from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday. Citigroup upgraded shares of Coty from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, December 12th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Coty in a research note on Friday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Coty presently has a consensus rating of “Hold” and an average target price of $19.63.

Coty (NYSE COTY) traded up $0.26 during mid-day trading on Tuesday, reaching $20.68. 317,437 shares of the company traded hands, compared to its average volume of 5,274,574. The firm has a market capitalization of $14,884.89, a price-to-earnings ratio of -40.04, a price-to-earnings-growth ratio of 1.93 and a beta of 0.32. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. Coty has a 1-year low of $14.24 and a 1-year high of $21.17.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, February 27th. Coty’s dividend payout ratio is currently -98.04%.

In other news, insider Edgar O. Huber acquired 4,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were acquired at an average price of $17.74 per share, for a total transaction of $70,960.00. Following the completion of the transaction, the insider now directly owns 163,570 shares of the company’s stock, valued at approximately $2,901,731.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Cosmetics B.V. Jab acquired 5,400,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of $16.85 per share, for a total transaction of $90,990,000.00. Following the transaction, the insider now directly owns 279,608,041 shares of the company’s stock, valued at $4,711,395,490.85. The disclosure for this purchase can be found here. Insiders have acquired 8,204,000 shares of company stock worth $138,492,960 in the last ninety days. Insiders own 1.00% of the company’s stock.

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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.

Earnings History and Estimates for Coty (NYSE:COTY)

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