Coty Inc. Expected to Earn FY2024 Earnings of $0.45 Per Share (NYSE:COTY)

Coty Inc. (NYSE:COTYFree Report) – Analysts at Zacks Research raised their FY2024 earnings per share estimates for shares of Coty in a research note issued to investors on Wednesday, February 21st. Zacks Research analyst V. Bagree now expects that the company will post earnings per share of $0.45 for the year, up from their prior forecast of $0.38. The consensus estimate for Coty’s current full-year earnings is $0.45 per share. Zacks Research also issued estimates for Coty’s Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at $0.46 EPS, Q1 2026 earnings at $0.22 EPS and Q2 2026 earnings at $0.22 EPS.

A number of other brokerages have also recently weighed in on COTY. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 price objective on shares of Coty in a research note on Friday, February 9th. TheStreet upgraded shares of Coty from a “c+” rating to a “b-” rating in a research report on Thursday, February 8th. StockNews.com downgraded Coty from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Morgan Stanley reduced their price objective on Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, November 9th. Finally, DA Davidson upped their target price on Coty from $17.00 to $17.50 and gave the company a “buy” rating in a research note on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.28.

View Our Latest Analysis on COTY

Coty Stock Performance

Shares of COTY opened at $12.98 on Thursday. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 37.09, a price-to-earnings-growth ratio of 6.73 and a beta of 1.89. The company’s fifty day moving average is $12.16 and its 200-day moving average is $11.35. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.80. Coty has a 12 month low of $9.02 and a 12 month high of $13.46.

Coty (NYSE:COTYGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Coty had a net margin of 5.39% and a return on equity of 11.91%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COTY. Clearbridge Investments LLC increased its position in shares of Coty by 123.3% in the first quarter. Clearbridge Investments LLC now owns 16,862,950 shares of the company’s stock valued at $151,598,000 after acquiring an additional 9,311,527 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Coty by 20.0% in the 1st quarter. BlackRock Inc. now owns 46,632,257 shares of the company’s stock valued at $419,223,000 after purchasing an additional 7,760,564 shares during the period. Banco Santander S.A. lifted its stake in Coty by 26.6% in the 2nd quarter. Banco Santander S.A. now owns 26,239,918 shares of the company’s stock valued at $322,489,000 after purchasing an additional 5,513,900 shares during the last quarter. Norges Bank bought a new position in Coty during the fourth quarter worth about $67,193,000. Finally, Goldman Sachs Group Inc. raised its stake in Coty by 119.5% in the first quarter. Goldman Sachs Group Inc. now owns 8,312,124 shares of the company’s stock valued at $74,726,000 after buying an additional 4,525,332 shares during the period. Institutional investors and hedge funds own 37.10% of the company’s stock.

Coty announced that its Board of Directors has initiated a stock repurchase plan on Monday, November 13th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the company to buy up to 7.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Coty Company Profile

(Get Free Report)

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.

Featured Stories

Earnings History and Estimates for Coty (NYSE:COTY)

Receive News & Ratings for Coty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty and related companies with MarketBeat.com's FREE daily email newsletter.