Avon Products, Inc. (AVP) Releases Earnings Results, Misses Estimates By $0.04 EPS
Avon Products, Inc. (NYSE:AVP) announced its earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04), Bloomberg Earnings reports. Avon Products had a negative return on equity of 3.68% and a negative net margin of 1.40%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the company posted $0.02 earnings per share. Avon Products’s revenue for the quarter was up .7% on a year-over-year basis.
Avon Products (NYSE:AVP) opened at $1.94 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of -2.31. Avon Products has a twelve month low of $1.90 and a twelve month high of $6.24.
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A number of equities analysts have recently issued reports on AVP shares. Zacks Investment Research lowered shares of Avon Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Jefferies Group LLC started coverage on shares of Avon Products in a research report on Wednesday, September 13th. They set an “underperform” rating and a $2.20 target price on the stock. Royal Bank Of Canada reiterated a “hold” rating and set a $3.00 target price on shares of Avon Products in a research report on Friday, October 13th. Deutsche Bank AG reiterated a “hold” rating and set a $3.00 target price (down from $5.00) on shares of Avon Products in a research report on Friday, August 4th. Finally, ValuEngine lowered shares of Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Avon Products has a consensus rating of “Hold” and an average target price of $3.19.
About Avon Products
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).
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