Coty (NYSE:COTY) Issues FY22 Earnings Guidance

Coty (NYSE:COTYGet Rating) updated its FY22 earnings guidance on Monday. The company provided EPS guidance of $0.23-0.27 for the period, compared to the consensus EPS estimate of $0.27.

Several analysts recently commented on the stock. StockNews.com raised shares of Coty from a hold rating to a buy rating in a research note on Saturday, April 30th. Raymond James cut their price target on shares of Coty from $13.00 to $12.00 and set an outperform rating on the stock in a report on Monday, April 18th. Morgan Stanley upped their price objective on shares of Coty from $8.25 to $11.00 and gave the company an equal weight rating in a research note on Tuesday, January 18th. JPMorgan Chase & Co. dropped their price objective on shares of Coty from $12.00 to $10.00 and set a neutral rating on the stock in a research note on Wednesday, March 30th. Finally, DA Davidson upgraded shares of Coty from a neutral rating to a buy rating in a research note on Friday, January 21st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Coty has a consensus rating of Buy and a consensus target price of $11.72.

NYSE COTY opened at $7.28 on Monday. 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 company has a fifty day simple moving average of $8.48 and a 200 day simple moving average of $9.15. The company has a market cap of $5.96 billion, a P/E ratio of 104.00 and a beta of 2.37. Coty has a 1 year low of $7.07 and a 1 year high of $11.12.

Coty (NYSE:COTYGet Rating) last posted its quarterly earnings data on Monday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Coty had a net margin of 2.69% and a return on equity of 6.43%. Coty’s quarterly revenue was up 15.4% on a year-over-year basis. Equities research analysts forecast that Coty will post 0.26 EPS for the current fiscal year.

In related news, Director Beatrice Ballini purchased 7,000 shares of Coty stock in a transaction on Thursday, March 10th. The stock was purchased at an average cost of $7.87 per share, with a total value of $55,090.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bretten Gordon Von acquired 13,514 shares of the company’s stock in a transaction dated Tuesday, March 8th. The stock was acquired at an average price of $7.40 per share, with a total value of $100,003.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 37,692 shares of company stock valued at $290,907. 3.10% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Coty by 7.1% in the 4th quarter. BlackRock Inc. now owns 38,871,693 shares of the company’s stock valued at $408,154,000 after buying an additional 2,586,779 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Coty in the 4th quarter valued at $22,953,000. The Manufacturers Life Insurance Company raised its stake in shares of Coty by 14.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 386,542 shares of the company’s stock valued at $4,059,000 after buying an additional 50,035 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Coty by 2.1% in the 4th quarter. Parametric Portfolio Associates LLC now owns 744,928 shares of the company’s stock valued at $7,822,000 after buying an additional 15,028 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY increased its position in shares of Coty by 10.5% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 60,137 shares of the company’s stock worth $631,000 after purchasing an additional 5,699 shares in the last quarter. Institutional investors own 37.60% of the company’s stock.

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 and Estimates for Coty (NYSE:COTY)

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