Analysts expect Coty Inc. (NYSE:COTY) to report sales of $2.22 billion for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Coty’s earnings. The highest sales estimate is $2.27 billion and the lowest is $2.15 billion. Coty posted sales of $1.08 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 105.6%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, November 9th.
On average, analysts expect that Coty will report full year sales of $2.22 billion for the current year, with estimates ranging from $8.78 billion to $9.37 billion. For the next fiscal year, analysts anticipate that the business will report sales of $9.33 billion per share, with estimates ranging from $8.99 billion to $9.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Coty.
A number of research analysts recently weighed in on COTY shares. BidaskClub upgraded shares of Coty from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus set a $25.00 price objective on shares of Coty and gave the stock a “buy” rating in a report on Monday, August 21st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $22.00 price target on shares of Coty in a research note on Monday, August 21st. Zacks Investment Research downgraded shares of Coty from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Coty in a research report on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.57.
In other Coty news, CEO Camillo Pane bought 48,485 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were acquired at an average price of $16.50 per share, with a total value of $800,002.50. Following the transaction, the chief executive officer now owns 336,142 shares of the company’s stock, valued at approximately $5,546,343. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ayesha Zafar bought 21,570 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were acquired at an average cost of $17.11 per share, for a total transaction of $369,062.70. Following the transaction, the senior vice president now directly owns 10,000 shares in the company, valued at approximately $171,100. The disclosure for this purchase can be found here. Insiders bought a total of 2,979,505 shares of company stock valued at $48,661,242 in the last 90 days. Company insiders own 1.00% of the company’s stock.
Shares of Coty (COTY) traded down $0.10 during mid-day trading on Monday, hitting $14.36. 8,920,000 shares of the stock traded hands, compared to its average volume of 4,870,000. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.66 and a current ratio of 0.94. Coty has a 12 month low of $14.24 and a 12 month high of $22.32. The stock has a market cap of $10,760.00, a price-to-earnings ratio of 21.12, a P/E/G ratio of 1.43 and a beta of 0.32.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.