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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About Coty

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.

Earnings History and Estimates for Coty (NYSE:COTY)

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