Coty (NYSE:COTY) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Coty (NYSE:COTY) released its quarterly earnings data on Tuesday. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07), Briefing.com reports. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Coty had a net margin of 3.59% and a return on equity of 8.75%. Coty’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS. Coty updated its FY25 guidance to $0.54-$0.57 EPS and its FY 2025 guidance to 0.540-0.570 EPS.

Coty Stock Performance

Shares of NYSE COTY opened at $9.53 on Wednesday. Coty has a one year low of $8.79 and a one year high of $13.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.80 and a quick ratio of 0.50. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 41.41, a P/E/G ratio of 3.31 and a beta of 1.91. The stock’s fifty day moving average price is $9.76 and its two-hundred day moving average price is $10.88.

Wall Street Analyst Weigh In

Several brokerages have issued reports on COTY. Bank of America lowered their price target on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Citigroup lowered their target price on Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Piper Sandler cut their price target on shares of Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Wells Fargo & Company lowered their price objective on shares of Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, DA Davidson lowered their target price on Coty from $17.50 to $16.50 and set a “buy” rating for the company in a report on Tuesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Coty presently has an average rating of “Moderate Buy” and a consensus price target of $12.94.

About Coty

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.