Coty (NYSE:COTY) Updates FY 2022 Earnings Guidance

Coty (NYSE:COTYGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.23-$0.27 for the period, compared to the consensus estimate of $0.27. The company issued revenue guidance of -.

Coty stock opened at $6.27 on Monday. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 41.80 and a beta of 2.37. The company has a current ratio of 0.69, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. The company’s 50-day moving average price is $8.11 and its two-hundred day moving average price is $9.00. Coty has a 52 week low of $5.97 and a 52 week high of $11.12.

Coty (NYSE:COTYGet Rating) last released its earnings results on Monday, May 9th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Coty had a net margin of 3.93% and a return on equity of 6.85%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. Research analysts expect that Coty will post 0.27 earnings per share for the current fiscal year.

COTY has been the topic of a number of research reports. Raymond James dropped their target price on shares of Coty from $13.00 to $12.00 and set an outperform rating on the stock in a research report on Monday, April 18th. StockNews.com raised shares of Coty from a hold rating to a buy rating in a report on Wednesday, May 18th. Barclays lowered their target price on shares of Coty from $10.00 to $8.00 in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Coty from $12.00 to $11.00 in a research report on Tuesday, May 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Coty from $10.00 to $8.00 in a research report on Tuesday, May 10th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Buy and a consensus price target of $11.05.

In other Coty news, Director Olivier Goudet purchased 100,000 shares of the company’s stock in a transaction on Tuesday, May 17th. The shares were purchased at an average cost of $6.45 per share, with a total value of $645,000.00. Following the completion of the purchase, the director now owns 739,129 shares in the company, valued at $4,767,382.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sue Nabi acquired 4,786 shares of the firm’s stock in a transaction dated Thursday, March 10th. The shares were purchased at an average price of $8.00 per share, with a total value of $38,288.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 137,692 shares of company stock worth $935,907. Company insiders own 3.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in COTY. LPL Financial LLC lifted its position in shares of Coty by 149.5% during the 4th quarter. LPL Financial LLC now owns 34,843 shares of the company’s stock valued at $366,000 after buying an additional 20,876 shares during the last quarter. Horizon Investments LLC raised its holdings in shares of Coty by 101.7% in the 1st quarter. Horizon Investments LLC now owns 37,280 shares of the company’s stock valued at $335,000 after acquiring an additional 18,799 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Coty in the 4th quarter valued at about $245,000. Stifel Financial Corp increased its position in shares of Coty by 37.4% during the 4th quarter. Stifel Financial Corp now owns 21,209 shares of the company’s stock valued at $222,000 after purchasing an additional 5,777 shares during the last quarter. Finally, Ethic Inc. increased its position in shares of Coty by 24.9% during the 1st quarter. Ethic Inc. now owns 20,539 shares of the company’s stock valued at $185,000 after purchasing an additional 4,091 shares during the last quarter. Institutional investors and hedge funds 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.

See Also

Earnings History and Estimates for Coty (NYSE:COTY)

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