Coty (NYSE:COTY) issued its earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.08, Bloomberg Earnings reports. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.48 billion. Coty had a negative net margin of 4.15% and a positive return on equity of 4.45%. Coty’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share.
Coty (COTY) opened at $19.86 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.76. Coty has a 12 month low of $14.24 and a 12 month high of $21.17. The firm has a market cap of $14,959.84, a price-to-earnings ratio of -38.94, a price-to-earnings-growth ratio of 2.00 and a beta of 0.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Tuesday, February 27th. Coty’s dividend payout ratio (DPR) is -98.04%.
COTY has been the topic of several research analyst reports. BidaskClub lowered shares of Coty from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 26th. Wells Fargo & Co set a $17.00 price objective on shares of Coty and gave the company a “hold” rating in a research note on Monday, December 11th. BMO Capital Markets set a $24.00 price objective on shares of Coty and gave the company a “buy” rating in a research note on Friday. Citigroup raised shares of Coty from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, December 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Coty in a research note on Friday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.50.
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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