Coty (COTY) to Release Quarterly Earnings on Tuesday
Coty (NYSE:COTY) will be releasing its earnings data before the market opens on Tuesday, August 21st. Analysts expect Coty to post earnings of $0.14 per share for the quarter.
Shares of COTY stock opened at $12.22 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. Coty has a fifty-two week low of $10.73 and a fifty-two week high of $21.68. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.30 and a beta of 0.28.
Several brokerages have weighed in on COTY. Berenberg Bank raised Coty from a “sell” rating to a “hold” rating in a research report on Thursday, May 10th. Barclays set a $16.00 target price on Coty and gave the stock a “hold” rating in a research report on Thursday, May 10th. Zacks Investment Research raised Coty from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. Bank of America lowered Coty from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $16.00 to $10.00 in a research report on Thursday. Finally, ValuEngine lowered Coty from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.65.
Coty Inc, together with its subsidiaries, manufactures, markets, sells, and distributes beauty products worldwide. It operates in three segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.
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