Coty (NYSE:COTY) Announces Quarterly Earnings Results

Coty (NYSE:COTY) issued its quarterly earnings results on Wednesday. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04), Briefing.com reports. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 EPS. Coty updated its FY25 guidance to $0.54-$0.57 EPS and its FY 2025 guidance to 0.540-0.540 EPS.

Coty Trading Down 1.2 %

Shares of Coty stock traded down $0.09 on Friday, reaching $7.16. 880,111 shares of the company’s stock were exchanged, compared to its average volume of 4,158,537. The firm’s 50-day moving average is $8.62 and its two-hundred day moving average is $9.63. Coty has a 52 week low of $7.02 and a 52 week high of $13.30. The company has a market capitalization of $6.21 billion, a P/E ratio of 90.69, a price-to-earnings-growth ratio of 1.09 and a beta of 1.91. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75.

Analysts Set New Price Targets

COTY has been the topic of several research analyst reports. Raymond James dropped their target price on shares of Coty from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. Canaccord Genuity Group reiterated a “buy” rating and set a $14.00 price target on shares of Coty in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lowered their target price on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group lowered their target price on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.09.

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.