DA Davidson Analysts Lift Earnings Estimates for Coty Inc (COTY)

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

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

Several other brokerages have also commented on COTY. Citigroup boosted their target price on shares of Coty from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Barclays set a $20.00 target price on shares of Coty and gave the stock a “hold” rating in a research report on Saturday, February 10th. Stifel Nicolaus restated a “buy” rating on shares of Coty in a research report on Friday, February 9th. BMO Capital Markets boosted their target price on shares of Coty from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Coty from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $19.63.

Coty (NYSE COTY) traded up $0.22 during trading hours on Wednesday, reaching $21.47. 2,702,289 shares of the company were exchanged, compared to its average volume of 5,455,662. Coty has a 1 year low of $14.24 and a 1 year high of $21.64. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. The stock has a market cap of $16,000.00, a price-to-earnings ratio of -23.72, a price-to-earnings-growth ratio of 2.21 and a beta of 0.33.

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 paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, February 27th. Coty’s dividend payout ratio (DPR) is presently -55.56%.

In other news, insider Edgar O. Huber purchased 4,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was acquired at an average price of $17.74 per share, with a total value of $70,960.00. Following the purchase, the insider now directly owns 163,570 shares of the company’s stock, valued at approximately $2,901,731.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Cosmetics B.V. Jab purchased 4,100,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average cost of $20.60 per share, with a total value of $84,460,000.00. Following the purchase, the insider now directly owns 287,558,041 shares in the company, valued at $5,923,695,644.60. The disclosure for this purchase can be found here. Insiders have bought a total of 8,454,000 shares of company stock valued at $163,381,460 in the last ninety days. Corporate 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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