$2.05 Billion in Sales Expected for Coty Inc (COTY) This Quarter

Analysts predict that Coty Inc (NYSE:COTY) will announce sales of $2.05 billion for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Coty’s earnings. The lowest sales estimate is $2.01 billion and the highest is $2.09 billion. Coty posted sales of $2.22 billion in the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The company is scheduled to report its next earnings report on Wednesday, May 8th.

On average, analysts expect that Coty will report full year sales of $8.78 billion for the current financial year, with estimates ranging from $8.65 billion to $8.87 billion. For the next fiscal year, analysts forecast that the business will post sales of $8.88 billion, with estimates ranging from $8.60 billion to $9.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Coty.

Coty (NYSE:COTY) last issued its quarterly earnings data on Friday, February 8th. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. Coty had a positive return on equity of 5.38% and a negative net margin of 13.58%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the business earned $0.32 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year.

A number of brokerages recently weighed in on COTY. Morgan Stanley set a $9.00 price objective on Coty and gave the company a “hold” rating in a research note on Thursday, December 20th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Coty in a report on Tuesday, March 5th. Zacks Investment Research raised Coty from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. JPMorgan Chase & Co. raised their target price on Coty to $10.00 and gave the company a “neutral” rating in a report on Monday, February 11th. Finally, Citigroup lowered Coty from a “buy” rating to a “neutral” rating and lowered their target price for the company from $13.00 to $12.00 in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.96.

Shares of COTY stock traded up $0.01 during trading on Tuesday, reaching $11.26. The company had a trading volume of 10,248,013 shares, compared to its average volume of 14,149,279. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.66 and a current ratio of 0.96. Coty has a one year low of $5.91 and a one year high of $17.58. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 2.56 and a beta of 0.93.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COTY. Bank of New York Mellon Corp grew its holdings in shares of Coty by 819,570.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 24,836,022 shares of the company’s stock worth $311,939,000 after purchasing an additional 24,832,992 shares in the last quarter. Norges Bank acquired a new stake in shares of Coty during the 4th quarter worth approximately $36,720,000. FMR LLC grew its holdings in shares of Coty by 7.9% during the 4th quarter. FMR LLC now owns 63,208,973 shares of the company’s stock worth $414,651,000 after purchasing an additional 4,636,912 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Coty by 43.6% during the 3rd quarter. Mackenzie Financial Corp now owns 12,742,524 shares of the company’s stock worth $160,046,000 after purchasing an additional 3,868,062 shares in the last quarter. Finally, Contrarius Investment Management Ltd grew its holdings in shares of Coty by 85.1% during the 4th quarter. Contrarius Investment Management Ltd now owns 6,410,041 shares of the company’s stock worth $42,050,000 after purchasing an additional 2,946,600 shares in the last quarter. 65.84% of the stock is currently owned by hedge funds and other institutional investors.

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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