Zacks: Brokerages Expect Coty Inc (NYSE:COTY) Will Post Earnings of $0.16 Per Share

Analysts forecast that Coty Inc (NYSE:COTY) will announce earnings per share of $0.16 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Coty’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.18. Coty posted earnings per share of $0.14 in the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, August 20th.

According to Zacks, analysts expect that Coty will report full-year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.61 to $0.66. For the next financial year, analysts expect that the company will report earnings of $0.69 per share, with EPS estimates ranging from $0.64 to $0.77. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Coty.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. Coty had a positive return on equity of 5.78% and a negative net margin of 13.20%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the business earned $0.13 earnings per share. Coty’s quarterly revenue was down 10.4% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the company. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Exane BNP Paribas assumed coverage on Coty in a report on Tuesday, June 4th. They issued an “outperform” rating and a $17.00 price target for the company. BMO Capital Markets boosted their price target on goeasy from C$55.00 to C$60.00 in a report on Thursday, May 9th. Citigroup reissued a “buy” rating and issued a $25.00 price target on shares of Propetro in a report on Tuesday, July 2nd. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $11.00 target price on shares of Coty in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Coty has an average rating of “Hold” and a consensus target price of $12.77.

Shares of NYSE COTY traded up $0.02 during trading on Friday, reaching $11.07. The company had a trading volume of 4,961,145 shares, compared to its average volume of 6,648,441. Coty has a twelve month low of $5.91 and a twelve month high of $14.14. The stock has a market capitalization of $8.32 billion, a PE ratio of 16.04, a PEG ratio of 2.45 and a beta of 0.70. The business’s 50-day simple moving average is $12.52. The company has a quick ratio of 0.62, a current ratio of 0.95 and a debt-to-equity ratio of 1.00.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 6th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.50 annualized dividend and a yield of 4.52%. Coty’s dividend payout ratio is presently 72.46%.

In other Coty news, insider Luc Volatier purchased 434,782 shares of Coty stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average price of $11.50 per share, with a total value of $4,999,993.00. Following the completion of the acquisition, the insider now owns 434,782 shares of the company’s stock, valued at approximately $4,999,993. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Giovanni Pieraccioni purchased 93,100 shares of Coty stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average cost of $12.91 per share, with a total value of $1,201,921.00. Following the acquisition, the chief operating officer now directly owns 93,100 shares of the company’s stock, valued at approximately $1,201,921. The disclosure for this purchase can be found here. Insiders have acquired 156,808,896 shares of company stock valued at $1,827,304,250 over the last 90 days. 1.20% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of COTY. Norges Bank purchased a new position in Coty in the fourth quarter valued at about $36,720,000. FMR LLC boosted its holdings in Coty by 7.9% in the fourth quarter. FMR LLC now owns 63,208,973 shares of the company’s stock valued at $414,651,000 after purchasing an additional 4,636,912 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Coty by 3,576.5% in the first quarter. OppenheimerFunds Inc. now owns 3,791,689 shares of the company’s stock valued at $43,604,000 after purchasing an additional 3,688,556 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Coty by 57.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,578,515 shares of the company’s stock valued at $49,713,000 after purchasing an additional 2,759,305 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Coty by 440.0% in the first quarter. SG Americas Securities LLC now owns 2,319,616 shares of the company’s stock valued at $26,676,000 after purchasing an additional 1,890,040 shares during the last quarter. 73.49% of the stock is owned by hedge funds and other institutional investors.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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