Brokerages Anticipate Avon Products, Inc. (NYSE:AVP) Will Announce Quarterly Sales of $1.23 Billion
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 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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