Avon Products, Inc. (AVP) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Avon Products, Inc. (NYSE:AVP) announced its quarterly earnings data on Wednesday. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.04), Bloomberg Earnings reports. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $0.02 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis.

Several brokerages recently commented on AVP. Zacks Investment Research cut shares of Avon Products from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $4.00 price objective (down previously from $4.50) on shares of Avon Products in a research note on Wednesday, August 9th. UBS AG reduced their price objective on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating for the company in a research note on Friday, August 4th. Royal Bank Of Canada reduced their price objective on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a research note on Friday, August 4th. Finally, ValuEngine cut shares of Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.37.

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About Avon Products

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).

Earnings History for Avon Products (NYSE:AVP)

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