Press coverage about Coty (NYSE:COTY) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Coty earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.5548238138549 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
Get Coty alerts: Investor’s Roundup (Beta Factor Analysis) �� Coty Inc. (NYSE:COTY) (thestockgem.com) Coty Inc. (COTY) -11.38% away from 20 SMA (nasdaqchronicle.com) Are Analysts Optimistic About: Coty Inc. (COTY) and Range Resources Corporation (RRC) (nmsunews.com) Coty’s results beyond expectations (retailnews.asia) Moving Average Crossover Alert: Coty Inc. (COTY) (finance.yahoo.com)Shares of COTY stock traded down $0.02 during mid-day trading on Monday, hitting $13.98. The stock had a trading volume of 9,392,800 shares, compared to its average volume of 5,314,577. Coty has a 12-month low of $13.81 and a 12-month high of $21.68. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.57 and a beta of 0.38. The company has a current ratio of 0.99, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80.
Coty (NYSE:COTY) last issued its earnings results on Wednesday, May 9th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Coty had a positive return on equity of 4.31% and a negative net margin of 3.13%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the business earned $0.15 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. research analysts predict that Coty will post 0.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, May 30th. Coty’s dividend payout ratio is 79.37%.
Several brokerages have commented on COTY. Citigroup upped their price objective on Coty from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, February 9th. BMO Capital Markets upped their price objective on Coty from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, February 9th. JPMorgan Chase upped their price objective on Coty from $15.00 to $17.00 and gave the company an “underweight” rating in a research report on Monday, February 12th. Barclays set a $20.00 price objective on Coty and gave the company a “hold” rating in a research report on Saturday, February 10th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Coty in a research report on Friday, February 9th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.68.
In other news, Director Robert S. Singer bought 15,000 shares of the stock in a transaction on Friday, May 11th. The stock was acquired at an average cost of $14.12 per share, for a total transaction of $211,800.00. Following the acquisition, the director now owns 155,000 shares of the company’s stock, valued at $2,188,600. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel E. Ramos acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The shares were bought at an average price of $14.32 per share, with a total value of $286,400.00. Following the completion of the purchase, the insider now directly owns 89,815 shares in the company, valued at $1,286,150.80. The disclosure for this purchase can be found here. Insiders acquired a total of 81,700 shares of company stock valued at $1,167,878 over the last quarter. Company insiders own 1.00% of the company’s stock.
About Coty
Coty Inc, together with its subsidiaries, manufactures, markets, sells, and distributes beauty products worldwide. It operates in three segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.
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