Somewhat Positive Press Coverage Somewhat Unlikely to Affect Revlon (REV) Stock Price
Press coverage about Revlon (NYSE:REV) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Revlon earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.4461648239988 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Commit To Purchase Revlon At $17.50, Earn 26.8% Annualized Using Options (nasdaq.com)
- Revlon, Inc. :REV-US: Earnings Analysis: Q3, 2017 By the Numbers : November 6, 2017 (finance.yahoo.com)
- Insider Buying: Revlon, Inc. (REV) Director Purchases 47,355 Shares of Stock (americanbankingnews.com)
- BRIEF-Revlon says qtrly loss per share from continuing operations $0.62 (reuters.com)
- Stock Traders Buy High Volume of Put Options on Revlon (REV) (americanbankingnews.com)
Shares of Revlon (NYSE:REV) traded up $0.15 during midday trading on Friday, hitting $22.05. 124,100 shares of the stock were exchanged, compared to its average volume of 230,414. The company has a debt-to-equity ratio of -3.78, a current ratio of 1.25 and a quick ratio of 0.67. Revlon has a 1 year low of $15.60 and a 1 year high of $36.80.
Revlon (NYSE:REV) last announced its quarterly earnings data on Friday, November 3rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.51). The firm had revenue of $666.50 million during the quarter, compared to analysts’ expectations of $604.50 million. Revlon had a negative return on equity of 3.09% and a negative net margin of 5.27%. research analysts predict that Revlon will post -1.96 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on REV shares. Jefferies Group LLC initiated coverage on shares of Revlon in a research report on Wednesday, September 13th. They set a “hold” rating and a $16.00 price objective on the stock. BidaskClub cut shares of Revlon from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, ValuEngine cut shares of Revlon from a “hold” rating to a “sell” rating in a report on Friday, September 15th.
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In related news, Director Ronald O. Perelman bought 106,784 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was bought at an average cost of $20.56 per share, with a total value of $2,195,479.04. 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 47,355 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of $22.43 per share, with a total value of $1,062,172.65. The disclosure for this purchase can be found here. Insiders have purchased 845,974 shares of company stock valued at $15,445,954 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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