Media stories about Coty (NYSE:COTY) have been trending positive recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Coty earned a news sentiment score of 2.18 on their scale. InfoTrie also assigned news stories about the company an news buzz score of 7 out of 10, indicating that recent media coverage is likely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have effected Coty’s ranking:
- Exclusive: Unilever, Henkel and buyout funds eye bids for Coty’s US$7 billion beauty brands – sources – CNA (channelnewsasia.com)
- UPDATE: Unilever (UN), Henkel, Colgate-Palmolive (CL) looking to bid for Coty (COTY) hair and beauty brands, valued at up to $7B- Reuters – StreetInsider.com (streetinsider.com)
- Watch List News: – Coty Inc., (NYSE: COTY) – News Planets (newsplanets.us)
- Coty Inc Expected to Earn Q2 2020 Earnings of $0.24 Per Share (NYSE:COTY) (americanbankingnews.com)
- MAC Cosmetics names Coty’s Ukonwa Ojo as first global marketing SVP – The Drum (thedrum.com)
A number of equities research analysts recently weighed in on COTY shares. ValuEngine lowered shares of Coty from a “sell” rating to a “strong sell” rating in a report on Monday, October 21st. Royal Bank of Canada set a $14.00 price target on shares of Coty and gave the company a “buy” rating in a report on Thursday, August 29th. Barclays reaffirmed a “hold” rating and set a $12.00 price target on shares of Coty in a report on Friday, November 8th. TheStreet raised shares of Coty from a “d+” rating to a “c” rating in a report on Wednesday, November 6th. Finally, DA Davidson raised their price target on shares of Coty from $10.50 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Coty presently has a consensus rating of “Hold” and an average target price of $12.96.
Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.97 billion. Coty had a negative net margin of 43.46% and a positive return on equity of 7.57%. Coty’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.11 EPS. As a group, sell-side analysts predict that Coty will post 0.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, November 18th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.50 annualized dividend and a yield of 4.22%. Coty’s dividend payout ratio is presently 76.92%.
In other news, CEO Pierre Laubies acquired 262,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of $9.54 per share, for a total transaction of $2,499,480.00. Following the transaction, the chief executive officer now directly owns 3,218,675 shares in the company, valued at approximately $30,706,159.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert S. Singer acquired 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of $9.08 per share, for a total transaction of $136,200.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 507,000 shares of company stock worth $4,885,580. 2.20% of the stock is currently owned by insiders.
Coty Company Profile
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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