Coty (COTY) to Release Earnings on Monday

Coty (NYSE:COTY) is set to release its earnings data after the market closes on Monday, May 6th. Analysts expect Coty to post earnings of $0.06 per share for the quarter. Coty has set its FY24 guidance at $0.44-0.47 EPS and its FY 2024 guidance at 0.440-0.470 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, February 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Coty had a net margin of 5.39% and a return on equity of 11.91%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, analysts expect Coty to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Coty Price Performance

Shares of NYSE COTY opened at $11.60 on Friday. Coty has a one year low of $9.02 and a one year high of $13.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.85. The firm has a market capitalization of $10.38 billion, a P/E ratio of 33.14, a PEG ratio of 6.47 and a beta of 1.83. The company’s fifty day moving average is $11.80 and its two-hundred day moving average is $11.58.

Insider Transactions at Coty

In other Coty news, Director Robert S. Singer sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the transaction, the director now owns 120,000 shares in the company, valued at $1,524,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the sale, the director now directly owns 120,000 shares in the company, valued at $1,524,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert S. Singer sold 90,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the completion of the transaction, the director now directly owns 169,982 shares of the company’s stock, valued at approximately $2,134,973.92. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COTY. Canaccord Genuity Group began coverage on Coty in a research note on Monday, April 15th. They set a “buy” rating and a $14.00 price objective on the stock. Canaccord Genuity Group began coverage on shares of Coty in a research report on Monday, April 15th. They issued a “buy” rating and a $14.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $14.00 target price on shares of Coty in a research report on Friday, February 9th. TheStreet upgraded Coty from a “c+” rating to a “b-” rating in a report on Thursday, February 8th. Finally, Citigroup decreased their price objective on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Coty has a consensus rating of “Hold” and an average price target of $13.20.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.