Coty (NYSE:COTY) Issues Quarterly Earnings Results

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

Coty Stock Down 0.5 %

NYSE COTY traded down $0.05 during mid-day trading on Thursday, reaching $10.08. The stock had a trading volume of 635,025 shares, compared to its average volume of 3,948,051. The stock has a market cap of $8.75 billion, a PE ratio of 44.02, a price-to-earnings-growth ratio of 3.31 and a beta of 1.91. Coty has a 1 year low of $8.79 and a 1 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 company has a fifty day moving average price of $9.76 and a 200 day moving average price of $10.87.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Bank of America reduced their target price on Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Piper Sandler reduced their price target on Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. DA Davidson raised their price objective on Coty from $16.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday. Evercore ISI reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Coty in a research report on Wednesday. Finally, Citigroup decreased their price target on shares of Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.98.

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.