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

Coty (NYSE:COTY) posted its quarterly earnings results on Wednesday. The company reported $0.15 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 the consensus estimate of $1.67 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. Coty’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $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 2.4 %

NYSE COTY traded down $0.17 on Thursday, hitting $7.26. 9,343,261 shares of the stock were exchanged, compared to its average volume of 4,173,688. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75. Coty has a 52-week low of $7.02 and a 52-week high of $13.30. The firm has a market capitalization of $6.30 billion, a P/E ratio of 90.75, a P/E/G ratio of 1.09 and a beta of 1.91. The stock has a fifty day moving average price of $8.66 and a two-hundred day moving average price of $9.65.

Analyst Ratings Changes

A number of research firms recently commented on COTY. Piper Sandler lowered their price target on Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their target price on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Bank of America reduced their price target on shares of Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, Raymond James decreased their price target on shares of Coty from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Coty has a consensus rating of “Moderate Buy” and an average target price 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.