Wall Street brokerages expect Avon Products, Inc. (NYSE:AVP) to report ($0.01) earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Avon Products’ earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.05). Avon Products posted earnings of ($0.07) per share in the same quarter last year, which suggests a positive year over year growth rate of 85.7%. The business is scheduled to issue its next earnings results on Thursday, May 3rd.
On average, analysts expect that Avon Products will report full year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.15 to $0.21. For the next financial year, analysts forecast that the business will post earnings of $0.30 per share, with EPS estimates ranging from $0.24 to $0.39. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Avon Products.
Avon Products (NYSE:AVP) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.60 billion. Avon Products had a negative return on equity of 6.19% and a net margin of 0.38%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVP. Systematic Financial Management LP boosted its stake in shares of Avon Products by 21.7% during the third quarter. Systematic Financial Management LP now owns 572,790 shares of the company’s stock worth $1,335,000 after buying an additional 102,010 shares during the period. NJ State Employees Deferred Compensation Plan increased its stake in shares of Avon Products by 73.7% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 165,000 shares of the company’s stock worth $385,000 after purchasing an additional 70,000 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Avon Products by 3.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 6,000,000 shares of the company’s stock worth $13,980,000 after purchasing an additional 200,000 shares in the last quarter. Shah Capital Management increased its stake in shares of Avon Products by 15.1% during the 4th quarter. Shah Capital Management now owns 8,014,702 shares of the company’s stock worth $17,231,000 after purchasing an additional 1,052,412 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of Avon Products by 28.0% during the 4th quarter. Gabelli Funds LLC now owns 640,000 shares of the company’s stock worth $1,376,000 after purchasing an additional 140,000 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.
Avon Products (NYSE:AVP) traded up $0.07 on Tuesday, reaching $2.73. The company’s stock had a trading volume of 2,260,000 shares, compared to its average volume of 4,440,000. The stock has a market cap of $1,200.00, a P/E ratio of -45.50, a P/E/G ratio of 1.20 and a beta of 1.57. Avon Products has a one year low of $1.85 and a one year high of $4.89. The company has a debt-to-equity ratio of -2.62, a current ratio of 1.43 and a quick ratio of 1.05.
Avon Products Company Profile
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Avon Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avon Products and related companies with MarketBeat.com's FREE daily email newsletter.