Coty (COTY) Set to Announce Quarterly Earnings on Monday

Coty (NYSE:COTY) will be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Coty to post earnings of $0.06 per share for the quarter. Coty has set its FY24 guidance at $0.44-0.47 EPS and its FY 2024 guidance at 0.440-0.470 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Coty had a net margin of 5.39% and a return on equity of 11.91%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the company earned $0.22 EPS. The business’s revenue was up 13.4% on a year-over-year basis. On average, analysts expect Coty to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Coty Stock Up 0.3 %

Shares of NYSE COTY opened at $11.60 on Friday. The company has a 50-day moving average of $11.80 and a 200 day moving average of $11.58. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.80. The stock has a market cap of $10.38 billion, a PE ratio of 33.14, a P/E/G ratio of 6.47 and a beta of 1.83. Coty has a 12-month low of $9.02 and a 12-month high of $13.46.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Cowen dropped their target price on Coty from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Wells Fargo & Company increased their price target on shares of Coty from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. TheStreet raised shares of Coty from a “c+” rating to a “b-” rating in a report on Thursday, February 8th. Canaccord Genuity Group assumed coverage on shares of Coty in a research report on Monday, April 15th. They set a “buy” rating and a $14.00 target price for the company. Finally, Canaccord Genuity Group initiated coverage on shares of Coty in a research note on Monday, April 15th. They set a “buy” rating and a $14.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Coty currently has an average rating of “Hold” and a consensus target price of $13.20.

Insider Buying and Selling at Coty

In related news, Director Robert S. Singer sold 90,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $12.56, for a total value of $1,130,400.00. Following the transaction, the director now owns 169,982 shares in the company, valued at $2,134,973.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert S. Singer sold 90,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the completion of the sale, the director now owns 169,982 shares in the company, valued at approximately $2,134,973.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the completion of the sale, the director now owns 120,000 shares in the company, valued at $1,524,000. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.