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

Coty (NYSE:COTY) issued its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04), Briefing.com reports. The business 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 for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. Coty updated its FY25 guidance to $0.54-$0.57 EPS and its FY 2025 guidance to 0.540-0.540 EPS.

Coty Price Performance

Shares of COTY traded down $0.18 during mid-day trading on Thursday, hitting $7.25. 9,342,756 shares of the company were exchanged, compared to its average volume of 4,173,688. Coty has a 1-year low of $7.02 and a 1-year 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 company has a 50 day moving average of $8.66 and a 200-day moving average of $9.65. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 90.75, a price-to-earnings-growth ratio of 1.09 and a beta of 1.91.

Wall Street Analyst Weigh In

COTY has been the topic of a number of research analyst reports. Evercore ISI reissued an “outperform” rating and set a $15.00 price objective on shares of Coty in a report on Wednesday, August 21st. Raymond James dropped their price objective on shares of Coty from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Barclays lowered shares of Coty from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $7.00 in a report on Thursday. Jefferies Financial Group lowered their price target on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, Piper Sandler lowered their price target on shares of Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. One equities 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.09.

About Coty

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.