$2.15 Billion in Sales Expected for Coty Inc (COTY) This Quarter

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.

Several analysts have weighed in on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $18.00 price target on shares of Coty in a research note on Friday, October 20th. Zacks Investment Research raised shares of Coty from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Wells Fargo & Co set a $17.00 price target on shares of Coty and gave the stock a “hold” rating in a research note on Monday, December 11th. DA Davidson assumed coverage on shares of Coty in a research note on Tuesday, October 17th. They issued a “neutral” rating and a $17.50 price target for the company. Finally, Citigroup raised shares of Coty from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, December 12th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Coty currently has a consensus rating of “Hold” and an average price target of $19.63.

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.

COPYRIGHT VIOLATION WARNING: “$2.15 Billion in Sales Expected for Coty Inc (COTY) This Quarter” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/02/14/2-15-billion-in-sales-expected-for-coty-inc-coty-this-quarter.html.

About Coty

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.

Get a free copy of the Zacks research report on Coty (COTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Coty (NYSE:COTY)

Receive News & Ratings for Coty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply