Coty (COTY) to Release Quarterly Earnings on Wednesday

Coty (NYSE:COTY) will be announcing its earnings results before the market opens on Wednesday, November 7th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Coty has set its FY19 guidance at 0.74-0.78 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Coty (NYSE:COTY) last posted its quarterly earnings results on Tuesday, August 21st. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Coty had a negative net margin of 1.80% and a positive return on equity of 5.55%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.31 billion. Coty’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts expect Coty to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE COTY opened at $10.19 on Wednesday. Coty has a one year low of $9.69 and a one year high of $21.68. The company has a quick ratio of 0.62, a current ratio of 0.90 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $7.48 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.27 and a beta of 0.21.

In other news, major shareholder Cosmetics B.V. Jab bought 2,600,000 shares of Coty stock in a transaction on Tuesday, August 28th. The stock was purchased at an average cost of $12.29 per share, with a total value of $31,954,000.00. Following the purchase, the insider now directly owns 291,138,041 shares of the company’s stock, valued at approximately $3,578,086,523.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert S. Singer bought 5,000 shares of Coty stock in a transaction on Monday, August 27th. The shares were purchased at an average cost of $12.00 per share, with a total value of $60,000.00. Following the completion of the purchase, the director now directly owns 175,000 shares in the company, valued at $2,100,000. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,655,000 shares of company stock valued at $44,583,400 over the last three months. 1.20% of the stock is currently owned by company insiders.

Several research analysts have recently commented on COTY shares. JPMorgan Chase & Co. decreased their price target on shares of Coty from $13.00 to $11.00 and set an “underweight” rating for the company in a report on Friday, August 10th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Coty in a report on Tuesday, July 17th. Barclays set a $15.00 price target on shares of Coty and gave the company a “hold” rating in a report on Wednesday, August 22nd. Bank of America lowered shares of Coty from a “buy” rating to an “underperform” rating and decreased their price target for the company from $16.00 to $10.00 in a report on Thursday, August 16th. Finally, Morgan Stanley raised shares of Coty from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $17.00 to $14.50 in a report on Tuesday, August 28th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.11.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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Earnings History for Coty (NYSE:COTY)

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