Zacks: Brokerages Anticipate Coty Inc (NYSE:COTY) Will Post Earnings of $0.25 Per Share

Brokerages expect Coty Inc (NYSE:COTY) to post earnings per share of $0.25 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Coty’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.24. Coty reported earnings of $0.24 per share during the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The firm is expected to announce its next earnings results on Friday, February 14th.

According to Zacks, 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 anticipate that the company will report earnings of $0.74 per share, with EPS estimates ranging from $0.70 to $0.78. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Coty.

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

A number of analysts have recently issued reports on the stock. Wells Fargo & Co raised their price target on shares of Coty from $11.00 to $13.00 and gave the company a “market perform” rating in a report on Wednesday. Royal Bank of Canada set a $14.00 price target on shares of Coty and gave the company a “buy” rating in a report on Thursday, August 29th. Citigroup set a $9.00 price target on shares of Coty and gave the company a “sell” rating in a report on Friday, August 30th. Jefferies Financial Group set a $10.50 price target on shares of Coty and gave the company a “hold” rating in a report on Monday, October 21st. Finally, Morgan Stanley raised their price target on shares of Coty from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.96.

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

Large investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Coty in the 2nd quarter worth approximately $278,000. Aperio Group LLC raised its stake in Coty by 2.6% during the 2nd quarter. Aperio Group LLC now owns 442,137 shares of the company’s stock worth $5,925,000 after acquiring an additional 11,232 shares during the period. Commerce Bank raised its stake in Coty by 42.2% during the 2nd quarter. Commerce Bank now owns 21,044 shares of the company’s stock worth $282,000 after acquiring an additional 6,243 shares during the period. Oakbrook Investments LLC bought a new stake in Coty during the 3rd quarter worth approximately $270,000. Finally, Janus Henderson Group PLC raised its stake in Coty by 129.7% during the 2nd quarter. Janus Henderson Group PLC now owns 989,198 shares of the company’s stock worth $13,255,000 after acquiring an additional 558,517 shares during the period. Hedge funds and other institutional investors own 38.01% of the company’s stock.

Shares of NYSE COTY traded down $0.16 during trading on Tuesday, reaching $12.84. 5,293,161 shares of the company traded hands, compared to its average volume of 9,858,644. The firm has a 50 day simple moving average of $10.93 and a 200-day simple moving average of $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 stock has a market capitalization of $8.64 billion, a PE ratio of 19.75, a P/E/G ratio of 3.06 and a beta of 0.77. Coty has a 52-week low of $5.91 and a 52-week high of $14.14.

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

About Coty

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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