Coty Inc (NYSE:COTY) – Analysts at Jefferies Financial Group lowered their Q2 2020 earnings per share (EPS) estimates for Coty in a research report issued to clients and investors on Wednesday, November 6th. Jefferies Financial Group analyst S. Wissink now forecasts that the company will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.27. Jefferies Financial Group has a “Hold” rating and a $10.50 price objective on the stock. Jefferies Financial Group also issued estimates for Coty’s Q4 2020 earnings at $0.20 EPS, Q2 2021 earnings at $0.27 EPS and Q4 2021 earnings at $0.21 EPS.
Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.97 billion. Coty had a negative net margin of 43.76% and a positive return on equity of 6.89%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS.
Several other equities research analysts have also weighed in on the stock. Stifel Nicolaus upped their target price on shares of Coty from $11.50 to $13.00 and gave the stock a “hold” rating in a report on Thursday. TheStreet raised shares of Coty from a “d+” rating to a “c” rating in a report on Wednesday. Bank of America upped their target price on shares of Coty from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. DA Davidson upped their target price on shares of Coty from $10.50 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Citigroup set a $9.00 target price on shares of Coty and gave the stock a “sell” rating in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.96.
Shares of Coty stock opened at $12.84 on Friday. The company’s fifty day moving average price is $10.93 and its two-hundred day moving average price is $11.30. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.94 and a quick ratio of 0.61. Coty has a 52-week low of $5.91 and a 52-week high of $14.14. The firm has a market capitalization of $8.64 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 3.06 and a beta of 0.77.
A number of large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its holdings in Coty by 554.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 22,200 shares of the company’s stock worth $233,000 after acquiring an additional 18,810 shares during the last quarter. Arrow Investment Advisors LLC acquired a new stake in shares of Coty during the third quarter worth $270,000. Eagle Asset Management Inc. acquired a new stake in shares of Coty during the third quarter worth $1,447,000. First Trust Advisors LP lifted its holdings in shares of Coty by 62.3% during the third quarter. First Trust Advisors LP now owns 221,320 shares of the company’s stock worth $2,326,000 after buying an additional 84,997 shares in the last quarter. Finally, Mackay Shields LLC lifted its holdings in shares of Coty by 3.2% during the third quarter. Mackay Shields LLC now owns 47,231 shares of the company’s stock worth $496,000 after buying an additional 1,453 shares in the last quarter. 38.01% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CMO Fiona Hughes acquired 210,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $9.81 per share, with a total value of $2,060,100.00. Following the acquisition, the chief marketing officer now directly owns 210,000 shares in the company, valued at $2,060,100. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert S. Singer acquired 15,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $9.08 per share, for a total transaction of $136,200.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 507,000 shares of company stock worth $4,885,580. Insiders own 2.20% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Friday, November 15th. Coty’s dividend payout ratio is currently 76.92%.
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.