$0.07 Earnings Per Share Expected for Coty Inc (COTY) This Quarter

Brokerages expect Coty Inc (NYSE:COTY) to announce earnings of $0.07 per share for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Coty’s earnings, with estimates ranging from $0.06 to $0.08. Coty reported earnings per share of $0.10 in the same quarter last year, which would indicate a negative year over year growth rate of 30%. The business is expected to report its next quarterly earnings results before the market opens on Wednesday, November 7th.

On average, analysts expect that Coty will report full year earnings of $0.74 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.78. For the next fiscal year, analysts expect that the business will post earnings of $0.86 per share, with EPS estimates ranging from $0.77 to $0.96. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Coty.

Coty (NYSE:COTY) last announced its quarterly earnings results on Tuesday, August 21st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Coty had a positive return on equity of 5.55% and a negative net margin of 1.80%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.31 billion. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year.

COTY has been the topic of a number of research reports. Citigroup dropped their price objective on Coty from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, August 23rd. Wells Fargo & Co set a $11.00 price objective on Coty and gave the stock a “hold” rating in a research note on Thursday, September 13th. Barclays set a $15.00 target price on Coty and gave the stock a “hold” rating in a research report on Wednesday, August 22nd. Societe Generale lowered Coty from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. Finally, BMO Capital Markets lowered Coty from an “outperform” rating to a “hold” rating and cut their target price for the stock from $18.00 to $12.00 in a research report on Tuesday, August 21st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $15.11.

In related news, Director Robert S. Singer purchased 5,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was bought at an average price of $12.00 per share, for a total transaction of $60,000.00. Following the purchase, the director now owns 175,000 shares in the company, valued at approximately $2,100,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cosmetics B.V. Jab purchased 2,600,000 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The shares were bought at an average price of $12.29 per share, with a total value of $31,954,000.00. Following the purchase, the insider now owns 291,138,041 shares in the company, valued at approximately $3,578,086,523.89. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 3,655,000 shares of company stock valued at $44,583,400. 1.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Coty by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,576,135 shares of the company’s stock valued at $19,796,000 after purchasing an additional 22,513 shares during the period. Columbia Asset Management bought a new stake in Coty during the 3rd quarter valued at approximately $409,000. SG Americas Securities LLC boosted its stake in Coty by 547.7% during the 3rd quarter. SG Americas Securities LLC now owns 177,713 shares of the company’s stock valued at $2,232,000 after purchasing an additional 150,276 shares during the period. ING Groep NV bought a new stake in Coty during the 3rd quarter valued at approximately $218,000. Finally, Poplar Forest Capital LLC bought a new stake in Coty during the 3rd quarter valued at approximately $12,883,000. Institutional investors own 64.12% of the company’s stock.

Shares of COTY traded down $2.22 during midday trading on Friday, reaching $8.96. The stock had a trading volume of 6,260,779 shares, compared to its average volume of 7,079,268. Coty has a 52 week low of $9.69 and a 52 week high of $21.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.62 and a current ratio of 0.90. The company has a market capitalization of $8.25 billion, a PE ratio of 12.98, a P/E/G ratio of 1.43 and a beta of 0.47.

About Coty

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.

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