Somewhat Favorable News Coverage Somewhat Unlikely to Affect Coty (COTY) Stock Price
News headlines about Coty (NYSE:COTY) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Coty earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.5462594621674 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- Coty Inc. (COTY) Try to Shakeup Active Momentum on New Compulsions – Stock News Stop (stockmarketstop.com)
- The global market for male grooming product was at $ 47582 million in the year 2016 (finance.yahoo.com)
- Wesco Aircraft Holdings Inc : Wesco Aircraft Holdings, Inc to Host Earnings Call (4-traders.com)
- Coty Inc. (COTY) Ex-Dividend Date Scheduled for… (nasdaq.com)
- Can Coty's Strategies Aid Revival at Consumer Beauty Unit? (finance.yahoo.com)
Coty (COTY) traded down $0.11 on Wednesday, reaching $17.09. The company had a trading volume of 3,870,100 shares, compared to its average volume of 5,573,276. The firm has a market capitalization of $12,910.00, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.72 and a beta of 0.32. Coty has a 52-week low of $14.24 and a 52-week high of $20.88. The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80.
Coty (NYSE:COTY) last posted its earnings results on Thursday, November 9th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the company earned $0.23 earnings per share. The business’s revenue was up 107.3% compared to the same quarter last year. research analysts forecast that Coty will post 0.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.50 annualized dividend and a yield of 2.93%. Coty’s dividend payout ratio (DPR) is currently -84.75%.
Several analysts have recently commented on the company. Berenberg Bank cut Coty from a “hold” rating to a “sell” rating and decreased their target price for the stock from $17.50 to $15.00 in a research report on Wednesday, August 30th. BMO Capital Markets set a $24.00 price objective on Coty and gave the company a “buy” rating in a research report on Tuesday, August 22nd. DA Davidson started coverage on Coty in a research report on Tuesday, October 17th. They set a “neutral” rating and a $17.50 price objective for the company. Royal Bank Of Canada reissued a “hold” rating and set a $18.00 price objective on shares of Coty in a research report on Friday, October 20th. Finally, Bank of America reduced their price objective on Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Coty currently has an average rating of “Hold” and a consensus target price of $19.30.
In related news, Director Robert S. Singer bought 20,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were bought at an average cost of $16.51 per share, for a total transaction of $330,200.00. Following the completion of the acquisition, the director now directly owns 130,000 shares in the company, valued at $2,146,300. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ayesha Zafar bought 21,570 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were bought at an average price of $17.11 per share, for a total transaction of $369,062.70. Following the completion of the acquisition, the senior vice president now owns 10,000 shares of the company’s stock, valued at $171,100. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 10,182,867 shares of company stock worth $171,514,351. Corporate insiders own 1.00% of the company’s stock.
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Coty Company Profile
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.
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