Coty (COTY) Scheduled to Post Quarterly Earnings on Monday

Coty (NYSE:COTYGet Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, May 9th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Coty has set its FY 2022 guidance at $0.220-$0.260 EPS and its FY22 guidance at $0.22-$0.26 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Coty (NYSE:COTYGet Rating) last issued its quarterly earnings results on Tuesday, February 8th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. Coty had a return on equity of 6.43% and a net margin of 2.69%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the business posted $0.17 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, analysts expect Coty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE:COTY opened at $8.11 on Monday. The business’s 50 day moving average is $8.61 and its 200-day moving average is $9.16. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $6.64 billion, a PE ratio of 115.86 and a beta of 2.47. Coty has a 1-year low of $7.24 and a 1-year high of $11.12.

A number of research firms have issued reports on COTY. Raymond James decreased their target price on Coty from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Monday, April 18th. DA Davidson raised Coty from a “neutral” rating to a “buy” rating in a research report on Friday, January 21st. StockNews.com raised Coty from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. cut their price objective on Coty from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, March 30th. Finally, Zacks Investment Research raised Coty from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, January 20th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $11.83.

In other news, insider Bretten Gordon Von purchased 13,514 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The shares were bought at an average price of $7.40 per share, for a total transaction of $100,003.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sue Nabi bought 4,786 shares of the stock in a transaction on Thursday, March 10th. The shares were bought at an average price of $8.00 per share, for a total transaction of $38,288.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 37,692 shares of company stock valued at $290,907. Company insiders own 3.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Coty by 7.1% in the fourth quarter. BlackRock Inc. now owns 38,871,693 shares of the company’s stock worth $408,154,000 after buying an additional 2,586,779 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Coty during the fourth quarter valued at $22,953,000. Morgan Stanley grew its stake in Coty by 18.5% in the second quarter. Morgan Stanley now owns 1,713,170 shares of the company’s stock valued at $16,001,000 after purchasing an additional 266,863 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in Coty by 2.1% in the fourth quarter. Parametric Portfolio Associates LLC now owns 744,928 shares of the company’s stock valued at $7,822,000 after purchasing an additional 15,028 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Coty by 7.9% in the fourth quarter. Nuveen Asset Management LLC now owns 645,280 shares of the company’s stock valued at $6,775,000 after purchasing an additional 47,493 shares during the last quarter. 37.60% of the stock is owned by institutional investors and hedge funds.

Coty Company Profile (Get Rating)

Coty Inc, together with its subsidiaries, engages in the manufacture, marketing, distribution, and sale of beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, Kim Kardashian West, and Tiffany & Co brands.

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Earnings History for Coty (NYSE:COTY)

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