Coty Inc. (NYSE:COTY) Expected to Earn FY2023 Earnings of $0.53 Per Share

Coty Inc. (NYSE:COTY – Get Rating) – Equities researchers at Zacks Research lifted their FY2023 earnings estimates for Coty in a note issued to investors on Tuesday, May 23rd. Zacks Research analyst V. Bagree now anticipates that the company will earn $0.53 per share for the year, up from their previous estimate of $0.36. The consensus estimate for Coty’s current full-year earnings is $0.54 per share.

Several other research analysts also recently commented on the stock. Wells Fargo & Company raised their price target on shares of Coty from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coty from $12.00 to $13.00 in a research note on Tuesday, May 2nd. Barclays increased their target price on shares of Coty from $11.00 to $12.00 in a report on Thursday, May 11th. Raymond James increased their target price on shares of Coty from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, April 20th. Finally, StockNews.com upgraded shares of Coty from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Coty has a consensus rating of “Moderate Buy” and a consensus target price of $12.44.

Coty Trading Up 0.5 %

COTY stock opened at $11.03 on Friday. The company has a market capitalization of $9.41 billion, a PE ratio of 55.15, a P/E/G ratio of 1.29 and a beta of 1.85. Coty has a 12 month low of $6.19 and a 12 month high of $12.64. The firm’s 50-day moving average is $11.70 and its 200 day moving average is $10.14. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.69 and a quick ratio of 0.40.

Coty (NYSE:COTY – Get Rating) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.03 by $0.16. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.23 billion. Coty had a net margin of 3.55% and a return on equity of 12.81%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS.

Institutional Trading of Coty

A number of institutional investors have recently modified their holdings of COTY. Compagnie Lombard Odier SCmA grew its position in Coty by 72.0% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,389 shares of the company’s stock worth $29,000 after purchasing an additional 1,000 shares during the last quarter. Quadrant Capital Group LLC grew its position in Coty by 165.1% during the 4th quarter. Quadrant Capital Group LLC now owns 4,541 shares of the company’s stock worth $39,000 after purchasing an additional 2,828 shares during the last quarter. CWM LLC grew its position in Coty by 197.8% during the 4th quarter. CWM LLC now owns 4,681 shares of the company’s stock worth $40,000 after purchasing an additional 3,109 shares during the last quarter. National Bank of Canada FI purchased a new stake in Coty during the 1st quarter worth approximately $67,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Coty during the 1st quarter worth approximately $96,000. 37.10% of the stock is currently owned by institutional investors.

About Coty

(Get Rating)

Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focus on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.