FY2017 EPS Estimates for Avon Products, Inc. (AVP) Cut by Analyst
Avon Products, Inc. (NYSE:AVP) – Investment analysts at DA Davidson decreased their FY2017 earnings estimates for Avon Products in a research note issued to investors on Monday. DA Davidson analyst L. Weiser now expects that the company will post earnings per share of ($0.01) for the year, down from their prior estimate of $0.16. DA Davidson has a “Hold” rating and a $2.00 price target on the stock. DA Davidson also issued estimates for Avon Products’ Q4 2017 earnings at $0.06 EPS, Q1 2018 earnings at ($0.05) EPS and FY2018 earnings at $0.13 EPS.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Avon Products from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Monday, October 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $3.00 target price on shares of Avon Products in a report on Friday, November 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $3.00 target price on shares of Avon Products in a report on Friday, October 13th. Deutsche Bank AG reissued a “hold” rating and issued a $3.00 target price (down previously from $5.00) on shares of Avon Products in a report on Friday, August 4th. Finally, ValuEngine cut shares of Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $2.91.
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Avon Products (AVP) opened at $1.92 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of -2.31. Avon Products has a twelve month low of $1.89 and a twelve month high of $6.03.
Avon Products (NYSE:AVP) last issued its earnings results on Thursday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Avon Products had a negative return on equity of 3.68% and a negative net margin of 1.40%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the business earned $0.02 EPS. The business’s revenue was up .7% on a year-over-year basis.
Large investors have recently made changes to their positions in the business. Alpine Global Management LLC acquired a new stake in shares of Avon Products in the second quarter valued at approximately $100,000. Shelton Capital Management acquired a new stake in shares of Avon Products in the second quarter valued at approximately $122,000. Oakbrook Investments LLC increased its stake in shares of Avon Products by 2.5% in the second quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock valued at $124,000 after purchasing an additional 800 shares during the period. LS Investment Advisors LLC increased its stake in shares of Avon Products by 17.5% in the second quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock valued at $133,000 after purchasing an additional 5,217 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Avon Products by 5.7% in the second quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock valued at $153,000 after purchasing an additional 2,165 shares during the period. Institutional investors own 84.70% of the company’s stock.
Avon Products Company Profile
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).
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