Coty Inc (NYSE:COTY) – Stock analysts at DA Davidson raised their Q2 2019 EPS estimates for shares of Coty in a report issued on Monday. DA Davidson analyst L. Weiser now forecasts that the company will earn $0.32 per share for the quarter, up from their previous estimate of $0.29. DA Davidson currently has a “Neutral” rating and a $18.00 price target on the stock.

Other research analysts have also issued reports about the company. Stifel Nicolaus reiterated a “buy” rating on shares of Coty in a research report on Friday, February 9th. Citigroup increased their price objective on Coty from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. BMO Capital Markets increased their price objective on Coty from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Zacks Investment Research upgraded Coty from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $18.00 price objective on shares of Coty in a research report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.63.

Shares of Coty (COTY) traded up $0.59 during trading on Wednesday, reaching $21.15. The company had a trading volume of 4,409,330 shares, compared to its average volume of 5,443,837. The stock has a market capitalization of $15,304.61, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.32. Coty has a 52 week low of $14.24 and a 52 week high of $21.27. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.76.

Coty (NYSE:COTY) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.48 billion. Coty had a positive return on equity of 4.45% and a negative net margin of 4.15%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.50 annualized dividend and a dividend yield of 2.36%. Coty’s dividend payout ratio is currently -98.04%.

In other news, insider Edgar O. Huber purchased 4,000 shares of the stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of $17.74 per share, for a total transaction of $70,960.00. Following the completion of the transaction, the insider now directly owns 163,570 shares in the company, valued at approximately $2,901,731.80. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Cosmetics B.V. Jab purchased 2,800,000 shares of the stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of $16.94 per share, with a total value of $47,432,000.00. Following the completion of the transaction, the insider now owns 285,008,041 shares of the company’s stock, valued at $4,828,036,214.54. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

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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.

Earnings History and Estimates for Coty (NYSE:COTY)

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