Brokerages Expect Avon Products, Inc. (NYSE:AVP) Will Announce Earnings of $0.03 Per Share

Analysts expect that Avon Products, Inc. (NYSE:AVP) will post earnings per share of $0.03 for the current quarter, Zacks reports. Four analysts have provided estimates for Avon Products’ earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.05. Avon Products posted earnings of ($0.03) per share during the same quarter last year, which would suggest a positive year over year growth rate of 200%. The firm is expected to issue its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Avon Products will report full-year earnings of $0.17 per share for the current fiscal year, with EPS estimates ranging from $0.11 to $0.26. For the next financial year, analysts forecast that the firm will report earnings of $0.25 per share, with EPS estimates ranging from $0.20 to $0.28. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Avon Products.

Avon Products (NYSE:AVP) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Avon Products had a negative net margin of 0.60% and a negative return on equity of 6.45%. The firm’s revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.02) EPS.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Avon Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 3rd. Citigroup cut shares of Avon Products from a “buy” rating to a “neutral” rating and set a $4.01 price objective on the stock. in a research report on Friday, June 21st. Finally, DA Davidson cut shares of Avon Products from a “buy” rating to a “neutral” rating and cut their price objective for the company from $4.75 to $3.60 in a research report on Thursday, May 23rd. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $3.15.

A number of institutional investors and hedge funds have recently bought and sold shares of AVP. NTV Asset Management LLC acquired a new position in Avon Products in the 1st quarter valued at about $29,000. Karp Capital Management Corp acquired a new position in Avon Products in the 1st quarter valued at about $29,000. Raymond James Trust N.A. acquired a new position in Avon Products in the 1st quarter valued at about $31,000. Moors & Cabot Inc. acquired a new position in Avon Products in the 1st quarter valued at about $32,000. Finally, Cleararc Capital Inc. acquired a new position in Avon Products in the 1st quarter valued at about $33,000. 73.39% of the stock is currently owned by institutional investors and hedge funds.

AVP traded down $0.01 during trading on Wednesday, hitting $3.83. The company had a trading volume of 249,936 shares, compared to its average volume of 12,050,286. The stock has a market capitalization of $1.72 billion, a P/E ratio of 127.67, a PEG ratio of 3.04 and a beta of 1.85. Avon Products has a one year low of $1.30 and a one year high of $4.08. The stock has a 50-day moving average of $3.59.

About Avon Products

Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.

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Earnings History and Estimates for Avon Products (NYSE:AVP)

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