Analysts Offer Predictions for Coty Inc.’s FY2024 Earnings (NYSE:COTY)

Coty Inc. (NYSE:COTY) – Analysts at Zacks Research dropped their FY2024 EPS estimates for shares of Coty in a research report issued on Monday, May 20th. Zacks Research analyst V. Bagree now forecasts that the company will earn $0.44 per share for the year, down from their prior estimate of $0.45. The consensus estimate for Coty’s current full-year earnings is $0.44 per share. Zacks Research also issued estimates for Coty’s Q2 2025 earnings at $0.19 EPS and FY2025 earnings at $0.48 EPS.

Coty (NYSE:COTY) last released its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Coty had a net margin of 3.59% and a return on equity of 8.75%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS.

Several other analysts have also recently issued reports on COTY. Citigroup cut their target price on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. TheStreet raised Coty from a “c+” rating to a “b-” rating in a research report on Thursday, February 8th. Canaccord Genuity Group began coverage on Coty in a research report on Monday, April 15th. They set a “buy” rating and a $14.00 price objective on the stock. Barclays lowered their target price on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Finally, DA Davidson lowered their target price on shares of Coty from $17.50 to $16.50 and set a “buy” rating for the company in a report on Tuesday, May 7th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.21.

Coty Stock Up 0.2 %

COTY opened at $10.49 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 0.93. The company has a market cap of $9.10 billion, a P/E ratio of 45.59, a P/E/G ratio of 4.64 and a beta of 1.83. Coty has a 12 month low of $9.02 and a 12 month high of $13.46. The business’s 50-day moving average price is $11.36 and its 200-day moving average price is $11.72.

Hedge Funds Weigh In On Coty

Hedge funds and other institutional investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale acquired a new stake in Coty in the third quarter valued at approximately $31,000. Pathstone Family Office LLC purchased a new position in shares of Coty in the third quarter worth $118,000. Fulton Bank N.A. purchased a new position in shares of Coty in the fourth quarter worth $131,000. EntryPoint Capital LLC raised its holdings in shares of Coty by 260.4% in the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after buying an additional 8,419 shares during the last quarter. Finally, Norden Group LLC purchased a new position in shares of Coty in the first quarter worth $146,000. 42.36% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert S. Singer sold 90,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the sale, the director now directly owns 169,982 shares in the company, valued at approximately $2,134,973.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert S. Singer sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total transaction of $381,000.00. Following the transaction, the director now directly owns 120,000 shares in the company, valued at $1,524,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert S. Singer sold 90,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the transaction, the director now owns 169,982 shares in the company, valued at $2,134,973.92. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.