DA Davidson Equities Analysts Increase Earnings Estimates for Coty Inc (COTY)

Coty Inc (NYSE:COTY) – Equities research analysts at DA Davidson lifted their Q2 2019 earnings per share (EPS) estimates for Coty in a research note issued on Monday. DA Davidson analyst L. Weiser now anticipates that the company will post earnings of $0.32 per share for the quarter, up from their prior estimate of $0.29. DA Davidson currently has a “Neutral” rating and a $18.00 target price on the stock.

Several other research firms have also weighed in on COTY. BidaskClub lowered 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 note on Monday, December 11th. BMO Capital Markets increased their price objective on shares of Coty from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Citigroup upgraded shares of Coty from a “neutral” rating to a “buy” rating and set a $21.00 price objective 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, February 9th. Three investment 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. The company presently has an average rating of “Hold” and an average price target of $19.63.

Coty (NYSE:COTY) traded up $0.59 on Wednesday, reaching $21.15. 4,409,330 shares of the company traded hands, compared to its average volume of 5,443,837. The firm has a market capitalization of $15,304.61, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.32. Coty has a 52-week low of $14.24 and a 52-week high of $21.27. 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 (NYSE:COTY) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. The firm 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 quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share.

In related news, major shareholder Cosmetics B.V. Jab acquired 2,800,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was acquired at an average cost of $16.94 per share, for a total transaction of $47,432,000.00. Following the completion of the acquisition, the insider now directly owns 285,008,041 shares of the company’s stock, valued at approximately $4,828,036,214.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edgar O. Huber acquired 4,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was bought at an average price of $17.74 per share, with a total value of $70,960.00. Following the completion of the acquisition, the insider now directly owns 163,570 shares of the company’s stock, valued at $2,901,731.80. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.36%. The ex-dividend date is Tuesday, February 27th. Coty’s dividend payout ratio (DPR) is -98.04%.

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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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