Coty (NYSE:COTY) Announces Earnings Results

Coty (NYSE:COTY) posted its quarterly earnings data on Monday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01), RTT News reports. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Coty had a return on equity of 11.91% and a net margin of 5.39%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. Coty updated its FY24 guidance to $0.44-$0.47 EPS and its FY 2024 guidance to 0.470-0.470 EPS.

Coty Stock Down 3.5 %

Shares of NYSE:COTY opened at $11.10 on Wednesday. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 6.49 and a beta of 1.83. Coty has a 12 month low of $9.02 and a 12 month high of $13.46. 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 company has a 50-day moving average price of $11.72 and a 200 day moving average price of $11.62.

Wall Street Analyst Weigh In

A number of research firms have commented on COTY. Barclays decreased their target price on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, April 12th. TD Cowen dropped their target price on shares of Coty from $16.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. TheStreet raised Coty from a “c+” rating to a “b-” rating in a report on Thursday, February 8th. DA Davidson dropped their price objective on Coty from $17.50 to $16.50 and set a “buy” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $14.00 target price on shares of Coty in a research note on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.14.

Insiders Place Their Bets

In other news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Robert S. Singer sold 90,000 shares of the business’s 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 transaction, the director now owns 169,982 shares of the company’s stock, valued at approximately $2,134,973.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the transaction, the director now owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by insiders.

Coty Company Profile

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.