Revlon (REV) Posts Earnings Results, Beats Estimates By $0.54 EPS

Revlon (NYSE:REV) posted its quarterly earnings data on Friday. The company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.54, MarketWatch Earnings reports. The company had revenue of $655.40 million during the quarter, compared to analyst estimates of $639.60 million. Revlon’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.38) earnings per share.

Revlon stock opened at $28.61 on Friday. The company has a market capitalization of $1.17 billion, a P/E ratio of -14.82 and a beta of 0.45. Revlon has a one year low of $14.00 and a one year high of $29.62.

A number of equities analysts recently commented on REV shares. ValuEngine raised Revlon from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Zacks Investment Research raised Revlon from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Revlon in a research note on Friday, August 10th.

In related news, Director Ronald O. Perelman acquired 40,000 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were bought at an average cost of $17.66 per share, with a total value of $706,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald O. Perelman acquired 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The stock was bought at an average cost of $21.50 per share, for a total transaction of $752,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 290,000 shares of company stock worth $5,618,400. 85.00% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. lifted its stake in shares of Revlon by 18.4% in the third quarter. Alliancebernstein L.P. now owns 19,300 shares of the company’s stock worth $430,000 after acquiring an additional 3,000 shares during the period. Symons Capital Management Inc. acquired a new position in Revlon in the third quarter valued at approximately $206,000. Paloma Partners Management Co acquired a new position in Revlon in the second quarter valued at approximately $295,000. Russell Investments Group Ltd. acquired a new position in Revlon in the second quarter valued at approximately $300,000. Finally, Bank of America Corp DE lifted its stake in Revlon by 400.7% in the second quarter. Bank of America Corp DE now owns 21,425 shares of the company’s stock valued at $376,000 after buying an additional 17,146 shares during the period. 14.70% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Revlon (REV) Posts Earnings Results, Beats Estimates By $0.54 EPS” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.com-unik.info/2018/11/10/revlon-rev-posts-earnings-results-beats-estimates-by-0-54-eps.html.

Revlon Company Profile

Revlon, Inc, through its subsidiaries, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Consumer segment offers cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; women's hair color products under the Revlon ColorSilk brand; beauty tools under the Revlon brand; nail care products under the Cutex brand; and anti-perspirant deodorants under the Mitchum name, as well as skin care line under the Natural Honey brand and hair color line under the Llongueras brand.

Read More: How is the discount rate different from the Federal Funds rate?

Earnings History for Revlon (NYSE:REV)

Receive News & Ratings for Revlon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revlon and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


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