Q2 2018 Earnings Estimate for Coty Inc. (COTY) Issued By DA Davidson
Coty Inc. (NYSE:COTY) – Stock analysts at DA Davidson cut their Q2 2018 earnings per share (EPS) estimates for shares of Coty in a report released on Monday. DA Davidson analyst L. Weiser now expects that the company will post earnings per share of $0.23 for the quarter, down from their prior forecast of $0.24. DA Davidson currently has a “Neutral” rating and a $18.00 target price on the stock. DA Davidson also issued estimates for Coty’s Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.71 EPS, Q2 2019 earnings at $0.29 EPS and Q3 2019 earnings at $0.25 EPS.
Other research analysts have also recently issued reports about the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $24.00 target price on shares of Coty in a report on Thursday, October 5th. Stifel Nicolaus set a $25.00 price objective on shares of Coty and gave the stock a “buy” rating in a research note on Monday, August 21st. Bank of America dropped their price objective on shares of Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Deutsche Bank reissued a “buy” rating and set a $20.00 price objective (down from $22.00) on shares of Coty in a research note on Wednesday, August 23rd. Finally, Citigroup raised shares of Coty from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.41.
Shares of Coty (NYSE COTY) traded up $0.80 during trading on Wednesday, reaching $19.42. 7,893,300 shares of the company’s stock were exchanged, compared to its average volume of 5,573,228. Coty has a 12 month low of $14.24 and a 12 month high of $20.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 1.08. The stock has a market capitalization of $13,933.04, a PE ratio of 33.80, a PEG ratio of 1.88 and a beta of 0.36.
Coty (NYSE:COTY) last issued its earnings results on Thursday, November 9th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. Coty had a negative net margin of 5.02% and a positive return on equity of 4.26%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was up 107.3% compared to the same quarter last year.
In other news, insider Edgar O. Huber bought 4,000 shares of the stock in a transaction on Monday, December 11th. The stock was purchased at an average cost of $17.74 per share, with a total value of $70,960.00. Following the purchase, the insider now owns 163,570 shares of the company’s stock, valued at $2,901,731.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Cosmetics B.V. Jab purchased 1,800,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was bought at an average price of $16.70 per share, for a total transaction of $30,060,000.00. Following the acquisition, the insider now owns 279,608,041 shares in the company, valued at $4,669,454,284.70. The disclosure for this purchase can be found here. Insiders acquired a total of 10,004,000 shares of company stock valued at $168,552,960 over the last ninety days. 1.00% of the stock is owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.50 annualized dividend and a yield of 2.57%. Coty’s payout ratio is currently -83.33%.
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Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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