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$2.32 Billion in Sales Expected for Coty Inc (NYSE:COTY) This Quarter

Equities analysts forecast that Coty Inc (NYSE:COTY) will report sales of $2.32 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Coty’s earnings. The lowest sales estimate is $2.25 billion and the highest is $2.44 billion. Coty reported sales of $2.51 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.6%. The firm is expected to report its next quarterly earnings results on Friday, February 14th.

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On average, analysts expect that Coty will report full-year sales of $8.20 billion for the current fiscal year, with estimates ranging from $8.04 billion to $8.49 billion. For the next financial year, analysts anticipate that the company will post sales of $8.17 billion, with estimates ranging from $7.95 billion to $8.50 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Coty.

Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Coty had a negative net margin of 43.76% and a positive return on equity of 6.89%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 4.4% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. Jefferies Financial Group set a $10.50 price target on shares of Coty and gave the stock a “hold” rating in a research report on Monday, October 21st. Morgan Stanley increased their price target on shares of Coty from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Citigroup set a $9.00 price target on shares of Coty and gave the stock a “sell” rating in a research report on Friday, August 30th. Barclays reaffirmed a “hold” rating and set a $12.00 price target on shares of Coty in a research report on Friday. Finally, Bank of America increased their price target on shares of Coty from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $12.96.

In other Coty news, Director Robert S. Singer bought 15,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $9.08 per share, with a total value of $136,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Fiona Hughes bought 210,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $9.81 per share, for a total transaction of $2,060,100.00. Following the acquisition, the chief marketing officer now directly owns 210,000 shares of the company’s stock, valued at $2,060,100. The disclosure for this purchase can be found here. Insiders acquired 507,000 shares of company stock worth $4,885,580 in the last three months. 2.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. increased its stake in shares of Coty by 21.9% in the second quarter. Invesco Ltd. now owns 8,502,059 shares of the company’s stock valued at $113,927,000 after purchasing an additional 1,527,527 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Coty by 1.5% in the second quarter. Parametric Portfolio Associates LLC now owns 3,168,547 shares of the company’s stock valued at $42,459,000 after purchasing an additional 47,054 shares during the period. Balyasny Asset Management LLC increased its stake in shares of Coty by 333.9% in the second quarter. Balyasny Asset Management LLC now owns 2,995,806 shares of the company’s stock valued at $40,144,000 after purchasing an additional 2,305,444 shares during the period. WINTON GROUP Ltd increased its stake in shares of Coty by 23.6% in the second quarter. WINTON GROUP Ltd now owns 1,309,842 shares of the company’s stock valued at $17,552,000 after purchasing an additional 250,441 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of Coty by 5,214.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,270,175 shares of the company’s stock valued at $17,020,000 after purchasing an additional 1,246,275 shares during the period. 38.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of COTY stock traded down $0.16 during trading hours on Thursday, hitting $12.84. 5,293,161 shares of the company were exchanged, compared to its average volume of 9,858,644. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.61 and a current ratio of 0.94. Coty has a one year low of $5.91 and a one year high of $14.14. The business’s 50-day simple moving average is $10.93 and its two-hundred day simple moving average is $11.30. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 3.06 and a beta of 0.77.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, November 18th will be issued a $0.125 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.50 dividend on an annualized basis and a yield of 3.89%. Coty’s dividend payout ratio is currently 76.92%.

About Coty

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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Earnings History and Estimates for Coty (NYSE:COTY)

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