Coty (NYSE:COTY) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Coty (NYSE:COTY) released its quarterly earnings results on Wednesday. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04), Briefing.com reports. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business 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 Stock Down 2.4 %

NYSE:COTY traded down $0.18 during trading hours on Thursday, reaching $7.25. The company’s stock had a trading volume of 9,342,756 shares, compared to its average volume of 4,173,688. The company has a market capitalization of $6.29 billion, a P/E ratio of 90.75, a price-to-earnings-growth ratio of 1.09 and a beta of 1.91. Coty has a 12 month low of $7.02 and a 12 month high of $13.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75. The stock has a 50 day moving average price of $8.66 and a two-hundred day moving average price of $9.65.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Piper Sandler dropped their target price on Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Royal Bank of Canada restated an “outperform” rating and set a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. Stifel Nicolaus dropped their target price on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their target price on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Bank of America dropped their target price on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.