Analysts expect that Avon Products, Inc. (NYSE:AVP) will post ($0.01) earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have provided estimates for Avon Products’ earnings. The lowest EPS estimate is ($0.03) and the highest is $0.01. Avon Products posted earnings of ($0.02) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The business is expected to report its next earnings report before the market opens on Thursday, May 2nd.
On average, analysts expect that Avon Products will report full-year earnings of $0.08 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.10. For the next financial year, analysts forecast that the business will post earnings of $0.19 per share, with EPS estimates ranging from $0.18 to $0.20. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Avon Products.
Avon Products (NYSE:AVP) last issued its quarterly earnings results on Thursday, February 14th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. Avon Products had a negative net margin of 0.36% and a negative return on equity of 4.12%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the company posted $0.12 EPS. Avon Products’s revenue was down 10.7% on a year-over-year basis.
Several research analysts have issued reports on AVP shares. Zacks Investment Research raised shares of Avon Products from a “strong sell” rating to a “hold” rating in a report on Tuesday. TheStreet cut shares of Avon Products from a “c” rating to a “d” rating in a report on Friday, February 15th. Finally, ValuEngine raised shares of Avon Products from a “hold” rating to a “buy” rating in a report on Tuesday, January 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $2.75.
Institutional investors have recently modified their holdings of the business. Raymond James Trust N.A. bought a new stake in shares of Avon Products in the first quarter worth approximately $31,000. Levin Capital Strategies L.P. grew its stake in shares of Avon Products by 156.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 32,800 shares of the company’s stock worth $50,000 after acquiring an additional 20,000 shares during the period. Alps Advisors Inc. grew its stake in shares of Avon Products by 46.0% in the fourth quarter. Alps Advisors Inc. now owns 50,233 shares of the company’s stock worth $76,000 after acquiring an additional 15,834 shares during the period. Magnus Financial Group LLC bought a new stake in shares of Avon Products in the fourth quarter worth approximately $79,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Avon Products by 60.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,226 shares of the company’s stock worth $99,000 after acquiring an additional 24,483 shares during the period. 74.97% of the stock is owned by institutional investors and hedge funds.
NYSE AVP traded down $0.05 during trading hours on Friday, reaching $2.66. 65,531 shares of the company’s stock traded hands, compared to its average volume of 5,782,750. Avon Products has a 52-week low of $1.30 and a 52-week high of $3.41. The stock has a market cap of $1.17 billion, a P/E ratio of 88.67, a price-to-earnings-growth ratio of 4.48 and a beta of 2.20.
Avon Products Company Profile
Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.
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