Analysts Set Expectations for Revlon, Inc.’s Q3 2017 Earnings (REV)
Revlon, Inc. (NYSE:REV) – Analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for shares of Revlon in a research note issued to investors on Wednesday. Jefferies Group analyst S. Wissink forecasts that the company will post earnings per share of $0.41 for the quarter. Jefferies Group currently has a “Hold” rating and a $16.00 price target on the stock. Jefferies Group also issued estimates for Revlon’s Q4 2017 earnings at $0.28 EPS, FY2017 earnings at ($1.11) EPS, Q1 2018 earnings at ($0.42) EPS, Q2 2018 earnings at ($0.23) EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at ($0.69) EPS, Q1 2019 earnings at ($0.36) EPS, Q2 2019 earnings at ($0.09) EPS and FY2019 earnings at ($0.40) EPS.
Revlon (NYSE:REV) last posted its quarterly earnings data on Friday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%. The company had revenue of $645.70 million for the quarter.
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REV has been the subject of several other reports. ValuEngine cut shares of Revlon from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub cut shares of Revlon from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th.
Shares of Revlon (NYSE REV) opened at 16.05 on Friday. The stock’s 50 day moving average is $17.55 and its 200-day moving average is $22.53. The company’s market capitalization is $844.47 million. Revlon has a 12-month low of $15.60 and a 12-month high of $37.96.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its stake in Revlon by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 11,024 shares of the company’s stock valued at $261,000 after acquiring an additional 137 shares in the last quarter. Rhumbline Advisers grew its stake in Revlon by 2.1% during the second quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock valued at $327,000 after acquiring an additional 280 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Revlon by 2.4% during the second quarter. Goldman Sachs Group Inc. now owns 12,379 shares of the company’s stock valued at $293,000 after acquiring an additional 296 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Revlon by 1.3% during the second quarter. TIAA CREF Investment Management LLC now owns 32,058 shares of the company’s stock valued at $760,000 after acquiring an additional 412 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Revlon by 1.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 61,610 shares of the company’s stock valued at $1,461,000 after acquiring an additional 745 shares in the last quarter. 13.99% of the stock is owned by institutional investors.
In related news, Director Ronald O. Perelman bought 120,618 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was bought at an average cost of $22.91 per share, with a total value of $2,763,358.38. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald O. Perelman bought 150,210 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average cost of $23.11 per share, with a total value of $3,471,353.10. The disclosure for this purchase can be found here. Insiders have purchased 1,426,204 shares of company stock valued at $28,846,238 over the last ninety days. 78.00% of the stock is currently owned by corporate insiders.
Revlon Company Profile
Revlon, Inc manufactures, markets and sells around the world a range of beauty and personal care products, including color cosmetics, hair color, hair care and hair treatments, as well as beauty tools, men’s grooming products, anti-perspirant deodorants, fragrances, skincare and other beauty care products.
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