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.
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.
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