Coty (NYSE:COTY) Issues Earnings Results

Coty (NYSE:COTY) posted its earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07), Briefing.com reports. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Coty had a return on equity of 8.75% and a net margin of 3.59%. Coty’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 EPS. Coty updated its FY25 guidance to $0.54-$0.57 EPS and its FY 2025 guidance to 0.540-0.570 EPS.

Coty Stock Up 6.2 %

COTY opened at $10.13 on Thursday. The business’s fifty day simple moving average is $9.76 and its 200 day simple moving average is $10.87. Coty has a 52 week low of $8.79 and a 52 week high of $13.30. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 0.93. The stock has a market cap of $8.79 billion, a PE ratio of 44.02, a P/E/G ratio of 3.31 and a beta of 1.91.

Analyst Ratings Changes

A number of research firms recently weighed in on COTY. DA Davidson lifted their price objective on shares of Coty from $16.50 to $17.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI reissued an “outperform” rating and set a $15.00 price objective on shares of Coty in a report on Wednesday. Bank of America cut their target price on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Piper Sandler decreased their price target on Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Finally, Stifel Nicolaus lowered their price target on shares of Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.98.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.