Coty (COTY) Set to Announce Earnings on Monday

Coty (NYSE:COTY) is scheduled to be issuing 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.Parties that are interested in registering for the company’s conference call can do so using this link.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Coty had a net margin of 5.39% and a return on equity of 11.91%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the firm earned $0.22 earnings per share. Coty’s 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 Price Performance

COTY stock opened at $11.46 on Monday. Coty has a 1 year low of $9.02 and a 1 year high of $13.46. The company has a market cap of $10.26 billion, a P/E ratio of 32.74, a PEG ratio of 6.39 and a beta of 1.82. The firm has a 50-day moving average of $11.90 and a 200 day moving average of $11.53. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58.

Insider Buying and Selling

In other news, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction on Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the transaction, the director now owns 169,982 shares in the company, valued at approximately $2,134,973.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction on Wednesday, March 6th. The shares were 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 approximately $1,524,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on COTY. Barclays decreased their target price on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. Citigroup decreased their target price on shares of Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Canaccord Genuity Group began coverage on shares of Coty in a research note on Monday, April 15th. They set a “buy” rating and a $14.00 target price for the company. TD Cowen decreased their target price on shares of Coty from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, Canaccord Genuity Group initiated coverage on shares of Coty in a research note on Monday, April 15th. They set a “buy” rating and a $14.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.19.

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.