Coty (NYSE:COTY) Issues FY 2022 Earnings Guidance

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

NYSE:COTY opened at $7.04 on Monday. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 46.94 and a beta of 2.38. Coty has a twelve month low of $5.90 and a twelve month high of $11.12. The stock’s 50 day moving average price is $7.33 and its two-hundred day moving average price is $8.54. The company has a quick ratio of 0.49, a current ratio of 0.69 and a debt-to-equity ratio of 1.14.

Coty (NYSE:COTY – Get Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. Coty had a return on equity of 6.85% and a net margin of 3.93%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, analysts anticipate that Coty will post 0.27 earnings per share for the current year.

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Coty from $12.00 to $11.00 in a report on Tuesday, May 10th. StockNews.com raised Coty from a hold rating to a buy rating in a report on Saturday. Raymond James decreased their target price on Coty from $13.00 to $12.00 and set an outperform rating on the stock in a report on Monday, April 18th. Barclays decreased their target price on Coty from $10.00 to $8.00 in a report on Wednesday, May 11th. Finally, JPMorgan Chase & Co. decreased their target price on Coty from $10.00 to $8.00 in a report on Tuesday, May 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of $11.17.

In other news, Director Olivier Goudet purchased 100,000 shares of Coty stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average cost of $6.45 per share, for a total transaction of $645,000.00. Following the purchase, the director now directly owns 739,129 shares of the company’s stock, valued at approximately $4,767,382.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its position in shares of Coty by 126.2% during the 1st quarter. Captrust Financial Advisors now owns 8,400 shares of the company’s stock valued at $76,000 after acquiring an additional 4,686 shares during the period. Prelude Capital Management LLC bought a new stake in shares of Coty during the 1st quarter valued at $104,000. XTX Topco Ltd bought a new stake in shares of Coty during the 1st quarter valued at $112,000. PFS Investments Inc. bought a new stake in shares of Coty during the 1st quarter valued at $114,000. Finally, Forum Financial Management LP bought a new stake in shares of Coty during the 1st quarter valued at $141,000. Hedge funds and other institutional investors own 37.60% of the company’s stock.

About Coty (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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