Brokerages forecast that Coty Inc. (NYSE:COTY) will report $0.07 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Coty’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.10. Coty reported earnings of $0.23 per share during the same quarter last year, which would suggest a negative year over year growth rate of 69.6%. The firm is expected to issue its next quarterly earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Coty will report full-year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.59 to $0.77. For the next fiscal year, analysts anticipate that the company will post earnings of $0.96 per share, with EPS estimates ranging from $0.76 to $1.05. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Coty.

A number of equities analysts have issued reports on COTY shares. Stifel Nicolaus set a $25.00 price target on Coty and gave the company a “buy” rating in a report on Monday, August 21st. BMO Capital Markets set a $24.00 price target on Coty and gave the company a “buy” rating in a report on Tuesday, August 22nd. Societe Generale initiated coverage on Coty in a report on Monday, June 12th. They issued a “buy” rating and a $21.00 price target for the company. Deutsche Bank AG reiterated a “buy” rating and issued a $20.00 price target (down from $22.00) on shares of Coty in a report on Wednesday, August 23rd. Finally, Bank of America Corporation lowered their price target on Coty from $23.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $20.04.

TRADEMARK VIOLATION WARNING: “Coty Inc. (COTY) Expected to Announce Earnings of $0.07 Per Share” was first reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/10/09/coty-inc-coty-expected-to-announce-earnings-of-0-07-per-share.html.

In other Coty news, major shareholder Cosmetics B.V. Jab acquired 2,600,000 shares of Coty stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average cost of $16.30 per share, with a total value of $42,380,000.00. Following the purchase, the insider now owns 276,408,041 shares in the company, valued at $4,505,451,068.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Camillo Pane acquired 48,485 shares of Coty stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average cost of $16.50 per share, with a total value of $800,002.50. Following the completion of the purchase, the chief executive officer now owns 336,142 shares in the company, valued at approximately $5,546,343. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 2,979,505 shares of company stock valued at $48,661,242. 1.00% of the stock is currently owned by company insiders.

Shares of Coty (NYSE:COTY) traded down 0.800% during mid-day trading on Monday, reaching $16.745. 1,853,623 shares of the company traded hands. Coty has a 52-week low of $15.83 and a 52-week high of $24.74. The company’s market capitalization is $12.54 billion. The firm’s 50 day moving average price is $16.76 and its 200-day moving average price is $18.26.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.96%. Coty’s dividend payout ratio (DPR) is -87.72%.

About Coty

Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Get a free copy of the Zacks research report on Coty (COTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.