Brokerages expect Coty Inc (NYSE:COTY) to report $2.15 billion in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Coty’s earnings. The highest sales estimate is $2.26 billion and the lowest is $2.03 billion. Coty posted sales of $2.03 billion in the same quarter last year, which suggests a positive year over year growth rate of 5.9%. The firm is expected to announce its next earnings results on Wednesday, May 9th.
According to Zacks, analysts expect that Coty will report full year sales of $2.15 billion for the current year, with estimates ranging from $8.79 billion to $9.56 billion. For the next financial year, analysts anticipate that the firm will report sales of $9.40 billion per share, with estimates ranging from $8.89 billion to $9.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Coty.
Coty (NYSE:COTY) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. Coty had a negative net margin of 4.15% and a positive return on equity of 4.45%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period in the previous year, the firm posted $0.30 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year.
Shares of Coty (NYSE COTY) opened at $20.56 on Wednesday. Coty has a fifty-two week low of $14.24 and a fifty-two week high of $21.17. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. The stock has a market cap of $14,884.89, a price-to-earnings ratio of -40.31, a PEG ratio of 1.93 and a beta of 0.32.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Tuesday, February 27th. Coty’s dividend payout ratio (DPR) is -98.04%.
In other news, insider Edgar O. Huber acquired 4,000 shares of the stock in a transaction dated Monday, December 11th. The stock was purchased at an average cost of $17.74 per share, with a total value of $70,960.00. Following the completion of the purchase, the insider now owns 163,570 shares in the company, valued at approximately $2,901,731.80. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Cosmetics B.V. Jab acquired 2,800,000 shares of the stock in a transaction dated Friday, November 17th. The shares were purchased at an average cost of $16.94 per share, with a total value of $47,432,000.00. Following the completion of the purchase, the insider now owns 285,008,041 shares of the company’s stock, valued at approximately $4,828,036,214.54. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.
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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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