Positive Media Coverage Somewhat Unlikely to Affect Coty (COTY) Share Price

Media coverage about Coty (NYSE:COTY) has trended positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Coty earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.4931926579374 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

A number of equities research analysts have recently issued reports on COTY shares. Zacks Investment Research upgraded Coty from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. BMO Capital Markets reiterated a “buy” rating and issued a $24.00 target price on shares of Coty in a research note on Thursday, October 5th. KeyCorp reiterated a “hold” rating on shares of Coty in a research note on Monday, October 16th. Royal Bank of Canada reiterated a “hold” rating and issued a $18.00 target price on shares of Coty in a research note on Friday, October 20th. Finally, BidaskClub lowered Coty from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.41.

Shares of Coty (COTY) traded up $0.26 during midday trading on Friday, reaching $20.78. The company’s stock had a trading volume of 2,005,164 shares, compared to its average volume of 4,280,000. Coty has a 12-month low of $14.24 and a 12-month high of $20.88. The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80. The firm has a market cap of $15,570.00, a price-to-earnings ratio of -35.22, a PEG ratio of 2.05 and a beta of 0.37.

Coty (NYSE:COTY) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm earned $0.23 EPS. Coty’s quarterly revenue was up 107.3% on a year-over-year basis. equities analysts anticipate that Coty will post 0.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.50 dividend on an annualized basis and a yield of 2.41%. Coty’s dividend payout ratio (DPR) is presently -84.75%.

In other Coty news, major shareholder Cosmetics B.V. Jab acquired 1,800,000 shares of the stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $16.70 per share, for a total transaction of $30,060,000.00. Following the purchase, the insider now directly owns 279,608,041 shares in the company, valued at $4,669,454,284.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edgar O. Huber acquired 4,000 shares of the stock in a transaction on Monday, December 11th. The shares were acquired at an average price of $17.74 per share, with a total value of $70,960.00. Following the purchase, the insider now owns 163,570 shares in the company, valued at $2,901,731.80. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 10,004,000 shares of company stock valued at $168,552,960. 1.00% of the stock is owned by insiders.

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About Coty

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.

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