Equities analysts expect Coty Inc (NYSE:COTY) to report earnings of $0.12 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Coty’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.07. Coty reported earnings of $0.15 per share during the same quarter last year, which indicates a negative year over year growth rate of 20%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 9th.
According to Zacks, analysts expect that Coty will report full-year earnings of $0.72 per share for the current fiscal year, with EPS estimates ranging from $0.69 to $0.74. For the next year, analysts expect that the firm will post earnings of $0.93 per share, with EPS estimates ranging from $0.78 to $0.98. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Coty.
Coty (NYSE:COTY) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. Coty had a positive return on equity of 4.45% and a negative net margin of 4.15%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.48 billion. During the same period in the previous year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis.
In other Coty news, major shareholder Cosmetics B.V. Jab purchased 4,100,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were bought at an average cost of $20.60 per share, with a total value of $84,460,000.00. Following the acquisition, the insider now owns 287,558,041 shares in the company, valued at $5,923,695,644.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edgar O. Huber purchased 4,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average cost of $17.74 per share, for a total transaction of $70,960.00. Following the completion of the acquisition, the insider now owns 163,570 shares in the company, valued at approximately $2,901,731.80. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 5,654,000 shares of company stock worth $115,949,460. 1.00% of the stock is owned by insiders.
Coty (NYSE COTY) traded up $0.41 during mid-day trading on Thursday, hitting $19.45. The stock had a trading volume of 4,948,892 shares, compared to its average volume of 6,465,050. Coty has a 12-month low of $14.24 and a 12-month high of $21.68. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. The stock has a market cap of $14,584.86, a PE ratio of -38.14, a P/E/G ratio of 2.09 and a beta of 0.33.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a yield of 2.57%. Coty’s dividend payout ratio is presently -98.04%.
ILLEGAL ACTIVITY WARNING: This piece of content was posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.dailypolitical.com/2018/03/04/1805289.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Coty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty and related companies with MarketBeat.com's FREE daily email newsletter.