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).
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