Wall Street brokerages forecast that Avon Products, Inc. (NYSE:AVP) will post sales of $1.23 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Avon Products’ earnings. The highest sales estimate is $1.27 billion and the lowest is $1.19 billion. Avon Products posted sales of $1.35 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.9%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, August 1st.

According to Zacks, analysts expect that Avon Products will report full year sales of $5.05 billion for the current financial year, with estimates ranging from $4.93 billion to $5.17 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.16 billion, with estimates ranging from $5.10 billion to $5.22 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Avon Products.

Avon Products (NYSE:AVP) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) earnings per share.

Several equities analysts have commented on AVP shares. Citigroup increased their price target on shares of from GBX 1,300 ($16.99) to GBX 1,450 ($18.95) and gave the company a “buy” rating in a research note on Friday, June 21st. Zacks Investment Research lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 9th. Finally, DA Davidson lowered shares of Avon Products from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $4.75 to $3.60 in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $3.62.

Several institutional investors and hedge funds have recently made changes to their positions in AVP. NTV Asset Management LLC purchased a new position in shares of Avon Products during the first quarter worth approximately $29,000. Karp Capital Management Corp acquired a new stake in shares of Avon Products during the first quarter worth $29,000. Raymond James Trust N.A. acquired a new stake in shares of Avon Products during the first quarter worth $31,000. Moors & Cabot Inc. acquired a new stake in shares of Avon Products during the first quarter worth $32,000. Finally, Cleararc Capital Inc. acquired a new stake in shares of Avon Products during the first quarter worth $33,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Avon Products stock traded up $0.02 during mid-day trading on Friday, hitting $3.97. The company had a trading volume of 5,362,995 shares, compared to its average volume of 7,696,544. The stock has a market cap of $1.76 billion, a PE ratio of 132.33, a price-to-earnings-growth ratio of 3.05 and a beta of 1.79. Avon Products has a 1 year low of $1.30 and a 1 year high of $4.10. The business has a fifty day moving average of $3.88.

Avon Products Company Profile

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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