Avon Products, Inc. (NYSE:AVP) – Investment analysts at Jefferies Group issued their Q3 2017 earnings estimates for shares of Avon Products in a research report issued on Wednesday. Jefferies Group analyst S. Wissink forecasts that the company will post earnings per share of $0.07 for the quarter. Jefferies Group has a “Underperform” rating and a $2.20 price target on the stock. Jefferies Group also issued estimates for Avon Products’ Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.10 EPS, Q1 2018 earnings at ($0.01) EPS and FY2018 earnings at $0.25 EPS.
Avon Products (NYSE:AVP) last issued its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.10). Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “Brokers Set Expectations for Avon Products, Inc.’s Q3 2017 Earnings (AVP)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/09/17/brokers-set-expectations-for-avon-products-inc-s-q3-2017-earnings-avp.html.
A number of other analysts also recently commented on AVP. Zacks Investment Research downgraded Avon Products from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and set a $4.00 price objective (down from $4.50) on shares of Avon Products in a report on Wednesday, August 9th. UBS AG dropped their price objective on Avon Products from $3.50 to $2.75 and set a “sell” rating for the company in a report on Friday, August 4th. Royal Bank Of Canada dropped their price objective on Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a report on Friday, August 4th. Finally, ValuEngine downgraded Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.71.
Shares of Avon Products (NYSE:AVP) opened at 2.54 on Friday. Avon Products has a 52 week low of $2.40 and a 52 week high of $6.96. The firm’s market capitalization is $1.12 billion. The stock has a 50 day moving average price of $2.75 and a 200-day moving average price of $3.66.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Securities LLC increased its holdings in Avon Products by 1.9% in the 1st quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock valued at $100,000 after purchasing an additional 420 shares in the last quarter. Alpine Global Management LLC acquired a new stake in Avon Products in the 2nd quarter valued at $100,000. Shelton Capital Management acquired a new stake in Avon Products in the 2nd quarter valued at $122,000. Oakbrook Investments LLC increased its holdings in Avon Products by 2.5% in the 2nd quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock valued at $124,000 after purchasing an additional 800 shares in the last quarter. Finally, LS Investment Advisors LLC increased its holdings in Avon Products by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock valued at $133,000 after purchasing an additional 5,217 shares in the last quarter. Hedge funds and other institutional investors own 84.24% of the company’s stock.
About Avon Products
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).
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