Zacks Research Analysts Decrease Earnings Estimates for Coty Inc. (NYSE:COTY)

Coty Inc. (NYSE:COTY - Free Report) - Stock analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for shares of Coty in a note issued to investors on Monday, May 20th. Zacks Research analyst V. Bagree now anticipates that the company will post earnings per share of $0.44 for the year, down from their prior estimate of $0.45. The consensus estimate for Coty's current full-year earnings is $0.44 per share. Zacks Research also issued estimates for Coty's Q2 2025 earnings at $0.19 EPS and FY2025 earnings at $0.48 EPS.

Coty (NYSE:COTY - Get Free Report) last released its earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Coty had a return on equity of 8.75% and a net margin of 3.59%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the business earned $0.19 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis.

COTY has been the topic of several other reports. Canaccord Genuity Group started coverage on shares of Coty in a research note on Monday, April 15th. They set a "buy" rating and a $14.00 target price on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $14.00 target price on shares of Coty in a research note on Friday, February 9th. Wells Fargo & Company increased their price target on Coty from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, February 9th. Barclays reduced their price objective on Coty from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Friday, April 12th. Finally, Citigroup lowered their target price on Coty from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Coty currently has an average rating of "Hold" and a consensus target price of $13.21.

Coty Trading Up 0.2 %

Shares of COTY stock traded up $0.02 during trading hours on Tuesday, hitting $10.49. 4,190,851 shares of the company were exchanged, compared to its average volume of 4,002,990. The company has a 50 day simple moving average of $11.36 and a two-hundred day simple moving average of $11.72. The firm has a market cap of $9.10 billion, a P/E ratio of 45.59, a P/E/G ratio of 4.64 and a beta of 1.83. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.50 and a current ratio of 0.80. Coty has a fifty-two week low of $9.02 and a fifty-two week high of $13.46.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in COTY. Vanguard Group Inc. raised its holdings in Coty by 12.1% in the 3rd quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company's stock worth $430,920,000 after purchasing an additional 4,245,039 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Coty by 33.9% in the 4th quarter. SG Americas Securities LLC now owns 57,652 shares of the company's stock worth $716,000 after acquiring an additional 14,584 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in Coty during the 4th quarter valued at about $4,232,000. Retirement Systems of Alabama boosted its stake in Coty by 53.8% during the fourth quarter. Retirement Systems of Alabama now owns 687,744 shares of the company's stock worth $8,542,000 after acquiring an additional 240,524 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in Coty by 29.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,707,372 shares of the company's stock worth $18,729,000 after purchasing an additional 385,290 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Coty

In related news, Director Robert S. Singer sold 30,000 shares of the business's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the transaction, the director now directly owns 120,000 shares of the company's stock, valued at approximately $1,524,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert S. Singer sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the transaction, the director now owns 120,000 shares in the company, valued at $1,524,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert S. Singer sold 90,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $12.56, for a total value of $1,130,400.00. Following the transaction, the director now directly owns 169,982 shares of the company's stock, valued at $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by company insiders.

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.