Avon Products, Inc. (NYSE:AVP) – Investment analysts at DA Davidson dropped their Q3 2017 EPS estimates for shares of Avon Products in a report released on Tuesday. DA Davidson analyst L. Weiser now forecasts that the company will post earnings per share of $0.07 for the quarter, down from their previous estimate of $0.11. DA Davidson has a “Neutral” rating and a $4.25 price objective on the stock. DA Davidson also issued estimates for Avon Products’ FY2017 earnings at $0.16 EPS and FY2018 earnings at $0.28 EPS.
A number of other research firms have also recently commented on AVP. Zacks Investment Research cut Avon Products from a “buy” rating to a “hold” rating in a report on Friday, April 28th. ValuEngine cut Avon Products from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. UBS AG decreased their price objective on Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a report on Friday, August 4th. Deutsche Bank AG reiterated a “hold” rating and issued a $3.00 price objective (down from $5.00) on shares of Avon Products in a report on Friday, August 4th. Finally, Royal Bank Of Canada decreased their price objective on Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $4.44.
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Shares of Avon Products (AVP) opened at 2.94 on Wednesday. The stock has a 50 day moving average price of $3.61 and a 200 day moving average price of $4.24. The stock’s market capitalization is $1.29 billion. Avon Products has a one year low of $2.84 and a one year high of $6.96.
Avon Products (NYSE:AVP) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.10. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. Avon Products’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Securities LLC boosted its position in Avon Products by 1.9% in the first quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock worth $100,000 after buying an additional 420 shares during the period. Acrospire Investment Management LLC boosted its position in Avon Products by 33.7% in the first quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock worth $106,000 after buying an additional 6,058 shares during the period. Point View Wealth Management Inc. boosted its position in Avon Products by 4.0% in the first quarter. Point View Wealth Management Inc. now owns 25,485 shares of the company’s stock worth $112,000 after buying an additional 981 shares during the period. Oakbrook Investments LLC boosted its position in Avon Products by 2.5% in the second quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock worth $124,000 after buying an additional 800 shares during the period. Finally, Parametrica Management Ltd boosted its position in Avon Products by 119.7% in the first quarter. Parametrica Management Ltd now owns 29,338 shares of the company’s stock worth $129,000 after buying an additional 15,985 shares during the period. Institutional investors own 87.24% of the company’s stock.
Avon Products Company Profile
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).
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