Brokerages Anticipate Avon Products, Inc. (AVP) to Announce -$0.01 EPS

Wall Street analysts predict that Avon Products, Inc. (NYSE:AVP) will report earnings per share of ($0.01) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Avon Products’ earnings, with estimates ranging from ($0.03) to $0.01. Avon Products posted earnings per share of ($0.02) in the same quarter last year, which indicates a positive year over year growth rate of 50%. The company is scheduled to issue its next earnings report before the market opens on Thursday, May 2nd.

According to Zacks, analysts expect that Avon Products will report full-year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.10. For the next fiscal 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 calculations are an average based on a survey of analysts that cover Avon Products.

Avon Products (NYSE:AVP) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.43 billion. Avon Products had a negative net margin of 0.36% and a negative return on equity of 4.12%. The company’s revenue was down 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS.

AVP has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Avon Products from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 19th. ValuEngine upgraded shares of Avon Products from a “hold” rating to a “buy” rating in a report on Tuesday, January 8th. Finally, TheStreet downgraded shares of Avon Products from a “c” rating to a “d” rating in a report on Friday, February 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $2.75.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in Avon Products by 1.5% in the 4th quarter. BlackRock Inc. now owns 43,634,355 shares of the company’s stock valued at $66,323,000 after acquiring an additional 630,649 shares during the last quarter. Yacktman Asset Management LP increased its holdings in Avon Products by 1.3% in the 4th quarter. Yacktman Asset Management LP now owns 19,097,886 shares of the company’s stock valued at $29,029,000 after acquiring an additional 241,002 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Avon Products by 9.5% in the 3rd quarter. Renaissance Technologies LLC now owns 14,240,876 shares of the company’s stock valued at $31,330,000 after acquiring an additional 1,235,776 shares during the last quarter. Vanguard Group Inc. increased its holdings in Avon Products by 38.2% in the 3rd quarter. Vanguard Group Inc. now owns 13,540,024 shares of the company’s stock valued at $29,788,000 after acquiring an additional 3,740,181 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of Avon Products by 38.2% in the 3rd quarter. Vanguard Group Inc now owns 13,540,024 shares of the company’s stock worth $29,788,000 after buying an additional 3,740,181 shares during the last quarter. Institutional investors own 74.97% of the company’s stock.

NYSE AVP traded down $0.05 on Friday, reaching $2.66. The company had a trading volume of 65,531 shares, compared to its average volume of 5,782,750. The company has a market cap of $1.17 billion, a P/E ratio of 88.67, a P/E/G ratio of 4.48 and a beta of 2.20. Avon Products has a 12 month low of $1.30 and a 12 month high of $3.41.

About Avon Products

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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