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.
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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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.
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