Insider Buying: Revlon Inc (REV) Director Buys 50,000 Shares of Stock
Revlon Inc (NYSE:REV) Director Ronald O. Perelman acquired 50,000 shares of Revlon stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average price of $21.55 per share, for a total transaction of $1,077,500.00. The acquisition was disclosed in a filing with the SEC, which is available through this link.
NYSE REV opened at $21.37 on Tuesday. Revlon Inc has a 12 month low of $14.00 and a 12 month high of $29.62. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -5.79 and a beta of 0.35.
Revlon (NYSE:REV) last released its quarterly earnings results on Thursday, May 9th. The company reported ($1.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.47). The business had revenue of $553.20 million during the quarter, compared to analysts’ expectations of $553.60 million. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities research analysts expect that Revlon Inc will post -2.76 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research lowered Revlon from a “buy” rating to a “sell” rating in a research report on Thursday, May 16th. ValuEngine upgraded Revlon from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Revlon in a research report on Tuesday, March 5th.
Revlon Company Profile
Revlon, Inc, through its subsidiaries, develops, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Relvon segment offers color cosmetics and beauty tools under the Revlon brand; and hair color under the Revlon ColorSilk and Revlon Professional brands.
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