Coty Inc (NYSE:COTY) to Issue $0.13 Quarterly Dividend

Coty Inc (NYSE:COTY) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Monday, November 18th will be given a dividend of 0.125 per share on Friday, December 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Friday, November 15th.

Coty stock opened at $13.00 on Friday. The stock has a 50-day simple moving average of $10.88 and a 200 day simple moving average of $11.29. The company has a quick ratio of 0.61, a current ratio of 0.94 and a debt-to-equity ratio of 1.63. Coty has a 12-month low of $5.91 and a 12-month high of $14.14. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 3.06 and a beta of 0.77.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. Coty had a positive return on equity of 6.89% and a negative net margin of 43.76%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coty will post 0.68 EPS for the current year.

A number of brokerages recently commented on COTY. Royal Bank of Canada set a $14.00 price objective on Coty and gave the stock a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley lifted their price objective on Coty from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. TheStreet upgraded Coty from a “d+” rating to a “c” rating in a research report on Wednesday. Wells Fargo & Co reiterated a “hold” rating and issued a $13.00 price objective on shares of Coty in a research report on Wednesday. Finally, ValuEngine lowered Coty from a “sell” rating to a “strong sell” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.62.

In related news, CEO Pierre Laubies bought 262,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was bought at an average cost of $9.54 per share, for a total transaction of $2,499,480.00. Following the transaction, the chief executive officer now owns 3,218,675 shares of the company’s stock, valued at $30,706,159.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Fiona Hughes bought 210,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $9.81 per share, with a total value of $2,060,100.00. Following the completion of the transaction, the chief marketing officer now directly owns 210,000 shares in the company, valued at approximately $2,060,100. The disclosure for this purchase can be found here. Insiders have bought a total of 507,000 shares of company stock valued at $4,885,580 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

Further Reading: Support Level

Dividend History for Coty (NYSE:COTY)

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