Brokerages Expect Coty Inc. (COTY) Will Announce Quarterly Sales of $2.22 Billion

Wall Street analysts predict that Coty Inc. (NYSE:COTY) will report $2.22 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Coty’s earnings, with the highest sales estimate coming in at $2.27 billion and the lowest estimate coming in at $2.16 billion. Coty posted sales of $1.08 billion during the same quarter last year, which suggests a positive year over year growth rate of 105.6%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Coty will report full year sales of $2.22 billion for the current financial year, with estimates ranging from $8.78 billion to $9.29 billion. For the next year, analysts expect that the company will post sales of $9.25 billion per share, with estimates ranging from $8.99 billion to $9.56 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Coty.

Several research firms have recently weighed in on COTY. Bank of America Corporation reduced their target price on shares of Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. KeyCorp reiterated a “hold” rating on shares of Coty in a research note on Friday, August 25th. Jefferies Group LLC reiterated a “hold” rating and issued a $18.00 target price (up previously from $17.00) on shares of Coty in a research note on Wednesday, August 23rd. Stifel Nicolaus set a $25.00 target price on shares of Coty and gave the stock a “buy” rating in a research note on Monday, August 21st. Finally, BidaskClub downgraded shares of Coty from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.04.

Shares of Coty (NYSE COTY) opened at 16.81 on Wednesday. The firm has a 50-day moving average of $16.61 and a 200-day moving average of $18.23. The company’s market cap is $12.59 billion. Coty has a 12-month low of $15.83 and a 12-month high of $23.74.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.50 annualized dividend and a yield of 2.97%. Coty’s payout ratio is presently -87.72%.

COPYRIGHT VIOLATION NOTICE: This article was published by Community Financial News and is owned by of Community Financial News. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at

In related news, insider Sylvie Moreau bought 48,153 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was acquired at an average cost of $16.79 per share, for a total transaction of $808,488.87. Following the completion of the transaction, the insider now directly owns 97,035 shares in the company, valued at approximately $1,629,217.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Cosmetics B.V. Jab bought 2,600,000 shares of the company’s stock in a transaction on Monday, August 28th. The shares were bought at an average price of $16.30 per share, with a total value of $42,380,000.00. Following the completion of the transaction, the insider now owns 276,408,041 shares of the company’s stock, valued at $4,505,451,068.30. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 2,979,505 shares of company stock valued at $48,661,242. 1.00% of the stock is currently owned by company insiders.

Coty Company Profile

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.

Get a free copy of the Zacks research report on Coty (COTY)

For more information about research offerings from Zacks Investment Research, visit

What are top analysts saying about Coty Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Coty Inc. and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit