Coty (COTY) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

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%.

In other news, insider Edgar O. Huber purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average cost of $17.74 per share, with a total value of $70,960.00. Following the completion of the transaction, the insider now directly owns 163,570 shares of the company’s stock, valued at $2,901,731.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Cosmetics B.V. Jab purchased 5,400,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average cost of $16.85 per share, for a total transaction of $90,990,000.00. Following the completion of the transaction, the insider now directly owns 279,608,041 shares of the company’s stock, valued at $4,711,395,490.85. The disclosure for this purchase can be found here. Insiders have purchased 10,004,000 shares of company stock worth $168,552,960 over the last three months. 1.00% of the stock is owned by insiders.

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.

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About Coty

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.

Earnings History for Coty (NYSE:COTY)

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