Coty (COTY) to Release Quarterly Earnings on Monday

Coty (NYSE:COTY) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce 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.Persons interested in listening to the company’s earnings conference call can do so using this link.

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

Coty Stock Performance

Shares of COTY opened at $11.61 on Friday. The firm has a fifty day moving average of $11.80 and a 200-day moving average of $11.57. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 6.31 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.85. Coty has a 1 year low of $9.02 and a 1 year high of $13.46.

Insider Activity

In related news, Director Robert S. Singer sold 30,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the completion of the sale, the director now directly owns 120,000 shares in the company, valued at $1,524,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction on 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 owns 169,982 shares in the company, valued at approximately $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Canaccord Genuity Group initiated coverage on shares of Coty in a research note on Monday, April 15th. They issued a “buy” rating and a $14.00 price target on the stock. TD Cowen lowered their target price on Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. TheStreet raised Coty from a “c+” rating to a “b-” rating in a research note on Thursday, February 8th. Canaccord Genuity Group started coverage on Coty in a research note on Monday, April 15th. They issued a “buy” rating and a $14.00 price target for the company. Finally, Citigroup lowered their price target on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.