Revlon (NYSE:REV) issued its earnings results on Friday. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.54, MarketWatch Earnings reports. The firm had revenue of $655.40 million for the quarter, compared to analyst estimates of $639.60 million. During the same period in the previous year, the company earned ($0.38) earnings per share. Revlon’s revenue for the quarter was down 1.7% compared to the same quarter last year.
Shares of Revlon stock opened at $28.61 on Friday. Revlon has a 12-month low of $14.00 and a 12-month high of $29.62. The firm has a market cap of $1.17 billion, a P/E ratio of -14.82 and a beta of 0.45.
A number of equities analysts have recently weighed in on the company. ValuEngine raised Revlon from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Zacks Investment Research raised Revlon from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 target price on shares of Revlon in a research report on Friday, August 10th.
A number of institutional investors have recently made changes to their positions in the stock. Symons Capital Management Inc. bought a new stake in Revlon during the third quarter worth $206,000. Alliancebernstein L.P. grew its holdings in Revlon by 18.4% during the third quarter. Alliancebernstein L.P. now owns 19,300 shares of the company’s stock worth $430,000 after buying an additional 3,000 shares in the last quarter. Sterling Capital Management LLC bought a new stake in Revlon during the third quarter worth $2,810,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in Revlon by 81.1% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 934,389 shares of the company’s stock worth $16,399,000 after buying an additional 418,317 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in Revlon during the second quarter worth $295,000. Institutional investors and hedge funds own 14.70% of the company’s stock.
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Revlon Company Profile
Revlon, Inc, through its subsidiaries, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Consumer segment offers cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; women's hair color products under the Revlon ColorSilk brand; beauty tools under the Revlon brand; nail care products under the Cutex brand; and anti-perspirant deodorants under the Mitchum name, as well as skin care line under the Natural Honey brand and hair color line under the Llongueras brand.
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