Brokerages Anticipate Avon Products, Inc. (AVP) Will Post Quarterly Sales of $1.60 Billion

Brokerages expect that Avon Products, Inc. (NYSE:AVP) will post sales of $1.60 billion for the current quarter, Zacks reports. Four analysts have made estimates for Avon Products’ earnings, with estimates ranging from $1.57 billion to $1.63 billion. Avon Products reported sales of $1.57 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.9%. The business is expected to report its next quarterly earnings results 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 expect that the firm 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 averages are an average based on a survey of analysts that that provide coverage for Avon Products.

Avon Products (NYSE:AVP) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Avon Products had a negative return on equity of 3.68% and a negative net margin of 1.40%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the business posted $0.02 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year.

AVP has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Avon Products from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Monday, October 23rd. Jefferies Group cut their price objective on shares of Avon Products from $2.20 to $1.75 and set an “underperform” rating on the stock in a research report on Friday, November 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $3.00 price objective on shares of Avon Products in a research report on Friday, November 3rd. DA Davidson reiterated a “hold” rating and issued a $2.00 price objective on shares of Avon Products in a research report on Tuesday, November 7th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $3.00 price objective on shares of Avon Products in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Avon Products presently has an average rating of “Hold” and an average target price of $2.91.

Avon Products (AVP) traded up $0.01 during trading on Wednesday, hitting $2.06. 289,684 shares of the stock were exchanged, compared to its average volume of 5,831,613. The company has a debt-to-equity ratio of -2.31, a quick ratio of 0.97 and a current ratio of 1.42. Avon Products has a one year low of $1.85 and a one year high of $6.03.

A number of large investors have recently modified their holdings of AVP. FMR LLC lifted its position in Avon Products by 219.8% in the 2nd quarter. FMR LLC now owns 29,804,223 shares of the company’s stock valued at $113,256,000 after purchasing an additional 20,485,474 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Avon Products by 155.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,517,308 shares of the company’s stock valued at $13,366,000 after buying an additional 2,141,208 shares during the period. Goldman Sachs Group Inc. increased its stake in Avon Products by 49.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,878,183 shares of the company’s stock valued at $22,338,000 after buying an additional 1,953,010 shares during the period. LMR Partners LLP increased its stake in Avon Products by 1,183.5% during the 2nd quarter. LMR Partners LLP now owns 1,389,025 shares of the company’s stock valued at $5,278,000 after buying an additional 1,280,803 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Avon Products by 69.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 2,412,679 shares of the company’s stock valued at $5,622,000 after buying an additional 988,661 shares during the period. Hedge funds and other institutional investors own 81.72% of the company’s stock.

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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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Earnings History and Estimates for Avon Products (NYSE:AVP)

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