Equities research analysts predict that Avon Products, Inc. (NYSE:AVP) will post sales of $1.60 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Avon Products’ earnings, with the lowest sales estimate coming in at $1.57 billion and the highest estimate coming in at $1.63 billion. Avon Products reported sales of $1.57 billion in the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The business is expected to announce its next earnings report on Thursday, February 15th.
On average, analysts expect that Avon Products will report full year sales of $1.60 billion for the current year, with estimates ranging from $5.72 billion to $5.78 billion. For the next fiscal year, analysts anticipate that the business will post sales of $5.82 billion per share, with estimates ranging from $5.73 billion to $5.90 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Avon Products.
Avon Products (NYSE:AVP) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Avon Products had a negative net margin of 1.40% and a negative return on equity of 3.68%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the company posted $0.02 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis.
A number of analysts have issued reports on AVP shares. Zacks Investment Research downgraded shares of Avon Products from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. UBS AG cut their price objective on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating for the company in a report on Friday, August 4th. DA Davidson reissued a “hold” rating and issued a $2.00 price objective on shares of Avon Products in a report on Tuesday, November 7th. Royal Bank Of Canada cut their price objective on shares of 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, Deutsche Bank AG reissued a “hold” rating and issued a $3.00 price objective (down previously from $5.00) on shares of Avon Products in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Avon Products has an average rating of “Hold” and a consensus price target of $2.91.
Avon Products (NYSE:AVP) opened at $1.90 on Friday. Avon Products has a 52 week low of $1.85 and a 52 week high of $6.03. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of -2.31.
Several institutional investors have recently modified their holdings of AVP. FMR LLC lifted its holdings in shares of Avon Products by 219.8% during the 2nd quarter. FMR LLC now owns 29,804,223 shares of the company’s stock worth $113,256,000 after acquiring an additional 20,485,474 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Avon Products by 155.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,517,308 shares of the company’s stock worth $13,366,000 after acquiring an additional 2,141,208 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Avon Products by 49.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,878,183 shares of the company’s stock worth $22,338,000 after acquiring an additional 1,953,010 shares during the period. LMR Partners LLP lifted its holdings in shares of Avon Products by 1,183.5% during the 2nd quarter. LMR Partners LLP now owns 1,389,025 shares of the company’s stock worth $5,278,000 after acquiring an additional 1,280,803 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Avon Products by 69.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 2,412,679 shares of the company’s stock worth $5,622,000 after acquiring an additional 988,661 shares during the period. 81.58% of the stock is owned by institutional investors.
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Avon Products Company Profile
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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