Avon Products (NYSE:AVP) released its earnings results on Thursday. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05, Bloomberg Earnings reports. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the business earned $0.01 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis.
Avon Products (AVP) traded up $0.12 during trading hours on Thursday, hitting $2.39. 3,352,476 shares of the stock traded hands, compared to its average volume of 3,406,995. The company has a debt-to-equity ratio of -2.31, a quick ratio of 0.97 and a current ratio of 1.42. The stock has a market cap of $967.99, a price-to-earnings ratio of -9.64, a price-to-earnings-growth ratio of 2.47 and a beta of 1.77. Avon Products has a 52-week low of $1.85 and a 52-week high of $5.41.
Several large investors have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Avon Products by 169.0% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,362 shares of the company’s stock worth $114,000 after acquiring an additional 32,268 shares in the last quarter. Shelton Capital Management purchased a new stake in Avon Products in the 2nd quarter worth $122,000. PEAK6 Investments L.P. purchased a new stake in Avon Products in the 3rd quarter worth $139,000. Schroder Investment Management Group purchased a new stake in Avon Products in the 3rd quarter worth $156,000. Finally, Caption Management LLC purchased a new stake in Avon Products in the 4th quarter worth $161,000. 83.21% of the stock is owned by hedge funds and other institutional investors.
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About Avon Products
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).
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