Coty (NYSE:COTY) Announces Earnings Results

Coty (NYSE:COTY) announced its earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04), Briefing.com reports. Coty had a net margin of 1.46% and a return on equity of 8.05%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the business posted $0.09 EPS. Coty’s revenue for the quarter was up 1.8% on a year-over-year basis. Coty updated its FY25 guidance to $0.54-$0.57 EPS and its FY 2025 guidance to 0.540-0.540 EPS.

Coty Stock Performance

Shares of Coty stock traded down $0.17 on Thursday, hitting $7.26. 9,343,261 shares of the company’s 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. The stock has a market capitalization of $6.30 billion, a PE ratio of 90.75, a PEG ratio of 1.09 and a beta of 1.91. Coty has a 1 year low of $7.02 and a 1 year high of $13.30. The company has a 50-day simple moving average of $8.66 and a 200-day simple moving average of $9.65.

Analysts Set New Price Targets

COTY has been the topic of several analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. Stifel Nicolaus cut their price objective on shares of Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, October 15th. Citigroup reduced 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. Evercore ISI reiterated an “outperform” rating and issued a $15.00 target price on shares of Coty in a research note on Wednesday, August 21st. Finally, Raymond James reduced their price target on shares of Coty from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. One 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’s 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.