Avon Products (AVP) Announces Earnings Results, Beats Expectations By $0.05 EPS

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.

AVP has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Avon Products from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a research report on Monday, October 23rd. DA Davidson reissued a “buy” rating and set a $2.00 price target on shares of Avon Products in a research report on Monday, November 20th. Jefferies Group cut their target price on shares of Avon Products from $2.20 to $1.75 and set an “underperform” rating for the company in a report on Friday, November 3rd. ValuEngine raised shares of Avon Products from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, Bank of America lowered shares of Avon Products from a “neutral” rating to an “underperform” rating and cut their target price for the company from $3.00 to $2.50 in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $2.86.

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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).

Earnings History for Avon Products (NYSE:AVP)

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