Analysts Expect Coty Inc (NYSE:COTY) to Announce $0.25 EPS

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Analysts expect Coty Inc (NYSE:COTY) to announce $0.25 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Coty’s earnings, with estimates ranging from $0.24 to $0.25. Coty reported earnings of $0.24 per share during the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The firm is expected to issue its next earnings results on Friday, February 14th.

On average, analysts expect that Coty will report full-year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.66 to $0.68. For the next fiscal year, analysts forecast that the company will post earnings of $0.74 per share, with EPS estimates ranging from $0.70 to $0.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Coty.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Coty had a negative net margin of 43.76% and a positive return on equity of 6.89%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year.

Several research analysts recently weighed in on COTY shares. Wells Fargo & Co boosted their price target on shares of Coty from $11.00 to $13.00 and gave the stock a “market perform” rating in a report on Wednesday. Jefferies Financial Group set a $10.50 price objective on shares of Coty and gave the stock a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada set a $14.00 price objective on shares of Coty and gave the stock a “buy” rating in a research report on Thursday, August 29th. Citigroup set a $9.00 price objective on shares of Coty and gave the stock a “sell” rating in a research report on Friday, August 30th. Finally, ValuEngine lowered shares of Coty from a “sell” rating to a “strong sell” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.96.

In other Coty news, CEO Pierre Laubies purchased 262,000 shares of the stock in a transaction dated Friday, August 30th. The shares were bought at an average price of $9.54 per share, with a total value of $2,499,480.00. Following the completion of the transaction, the chief executive officer now directly owns 3,218,675 shares in the company, valued at approximately $30,706,159.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert S. Singer purchased 15,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $9.08 per share, for a total transaction of $136,200.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 507,000 shares of company stock worth $4,885,580. Insiders own 2.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Coty in the second quarter valued at approximately $278,000. Aperio Group LLC raised its position in shares of Coty by 2.6% in the second quarter. Aperio Group LLC now owns 442,137 shares of the company’s stock valued at $5,925,000 after purchasing an additional 11,232 shares during the period. Commerce Bank raised its position in shares of Coty by 42.2% in the second quarter. Commerce Bank now owns 21,044 shares of the company’s stock valued at $282,000 after purchasing an additional 6,243 shares during the period. Oakbrook Investments LLC bought a new stake in shares of Coty in the third quarter valued at approximately $270,000. Finally, Janus Henderson Group PLC raised its position in shares of Coty by 129.7% in the second quarter. Janus Henderson Group PLC now owns 989,198 shares of the company’s stock valued at $13,255,000 after purchasing an additional 558,517 shares during the period. 38.01% of the stock is currently owned by institutional investors.

Coty stock traded down $0.16 during midday trading on Tuesday, hitting $12.84. 5,293,161 shares of the stock were exchanged, compared to its average volume of 9,858,644. Coty has a 52-week low of $5.91 and a 52-week high of $14.14. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 3.06 and a beta of 0.77. The business’s 50-day moving average price is $10.93 and its 200-day moving average price is $11.30. The company has a quick ratio of 0.61, a current ratio of 0.94 and a debt-to-equity ratio of 1.63.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, November 18th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.89%. The ex-dividend date is Friday, November 15th. Coty’s dividend payout ratio is 76.92%.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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