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

Coty (NYSE:COTY) posted its quarterly earnings data 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 firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior 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 Trading Down 1.2 %

NYSE COTY traded down $0.09 during trading hours on Friday, reaching $7.16. The company had a trading volume of 6,729,461 shares, compared to its average volume of 4,185,491. Coty has a 1-year low of $7.02 and a 1-year high of $13.30. The stock has a market capitalization of $6.21 billion, a P/E ratio of 42.15, a price-to-earnings-growth ratio of 1.09 and a beta of 1.91. The stock has a 50-day moving average of $8.57 and a 200 day moving average of $9.60. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96.

Analysts Set New Price Targets

COTY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Citigroup dropped their price objective on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company decreased their target price on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Evercore ISI restated an “outperform” rating and issued a $15.00 price target on shares of Coty in a research report on Wednesday, August 21st. Finally, Barclays downgraded Coty from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $8.00 to $7.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.97.

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.