Wall Street analysts expect that Avon Products, Inc. (NYSE:AVP) will report sales of $1.60 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Avon Products’ earnings. The highest sales estimate is $1.63 billion and the lowest is $1.57 billion. Avon Products posted sales of $1.57 billion during the same quarter last year, which would indicate a positive year over year growth rate of 1.9%. The firm is expected to issue its next 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 fiscal year, with estimates ranging from $5.72 billion to $5.78 billion. For the next fiscal year, analysts expect that the business will report sales of $5.82 billion per share, with estimates ranging from $5.73 billion to $5.90 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Avon Products.
Avon Products (NYSE:AVP) last posted its earnings results on Thursday, November 2nd. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.04). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share.
AVP has been the topic of several analyst reports. DA Davidson reaffirmed a “buy” rating and set a $2.00 target price on shares of Avon Products in a report on Monday, November 20th. Zacks Investment Research raised Avon Products from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Monday, October 23rd. Royal Bank of Canada reaffirmed a “hold” rating and set a $3.00 target price on shares of Avon Products in a report on Friday, October 13th. Stifel Nicolaus reissued a “hold” rating and issued a $3.00 price objective on shares of Avon Products in a report on Friday, November 3rd. Finally, ValuEngine raised Avon Products from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.86.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alpine Global Management LLC purchased a new position in shares of Avon Products in the second quarter valued at approximately $100,000. Shelton Capital Management purchased a new position in Avon Products during the second quarter worth approximately $122,000. Verition Fund Management LLC lifted its position in Avon Products by 27.3% during the second quarter. Verition Fund Management LLC now owns 58,058 shares of the company’s stock worth $221,000 after buying an additional 12,437 shares in the last quarter. PEAK6 Investments L.P. purchased a new position in Avon Products during the third quarter worth approximately $139,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Avon Products by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,193 shares of the company’s stock worth $244,000 after buying an additional 213 shares in the last quarter. Institutional investors and hedge funds own 82.38% of the company’s stock.
Shares of Avon Products (NYSE AVP) opened at $2.20 on Tuesday. The company has a market capitalization of $963.59, a PE ratio of -9.57, a P/E/G ratio of 2.40 and a beta of 1.81. Avon Products has a 1-year low of $1.85 and a 1-year high of $6.03. The company has a current ratio of 1.42, a quick ratio of 0.97 and a debt-to-equity ratio of -2.31.
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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