Equities research analysts expect that Avon Products, Inc. (NYSE:AVP) will post earnings of $0.08 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Avon Products’ earnings. The highest EPS estimate is $0.09 and the lowest is $0.07. Avon Products posted earnings per share of $0.12 in the same quarter last year, which suggests a negative year-over-year growth rate of 33.3%. The business is expected to announce its next earnings report before the market opens on Thursday, February 14th.
According to Zacks, analysts expect that Avon Products will report full-year earnings of $0.05 per share for the current year, with EPS estimates ranging from $0.04 to $0.06. For the next year, analysts anticipate that the business will post earnings of $0.12 per share, with EPS estimates ranging from $0.05 to $0.19. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Avon Products.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Avon Products from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. ValuEngine downgraded Avon Products from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Finally, TheStreet raised Avon Products from a “d” rating to a “c-” rating in a report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $2.65.
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Avon Products by 1.5% in the 4th quarter. BlackRock Inc. now owns 43,634,355 shares of the company’s stock valued at $66,323,000 after acquiring an additional 630,649 shares during the period. Yacktman Asset Management LP lifted its stake in Avon Products by 1.3% in the 4th quarter. Yacktman Asset Management LP now owns 19,097,886 shares of the company’s stock valued at $29,029,000 after buying an additional 241,002 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Avon Products by 9.5% in the 3rd quarter. Renaissance Technologies LLC now owns 14,240,876 shares of the company’s stock valued at $31,330,000 after buying an additional 1,235,776 shares in the last quarter. Vanguard Group Inc lifted its stake in Avon Products by 38.2% in the 3rd quarter. Vanguard Group Inc now owns 13,540,024 shares of the company’s stock valued at $29,788,000 after buying an additional 3,740,181 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Avon Products by 38.2% in the 3rd quarter. Vanguard Group Inc. now owns 13,540,024 shares of the company’s stock worth $29,788,000 after purchasing an additional 3,740,181 shares in the last quarter. Hedge funds and other institutional investors own 74.96% of the company’s stock.
Shares of AVP traded up $0.13 during trading hours on Friday, hitting $2.50. The stock had a trading volume of 7,638,976 shares, compared to its average volume of 7,329,303. Avon Products has a 12 month low of $1.30 and a 12 month high of $2.99. The firm has a market capitalization of $1.11 billion, a P/E ratio of 41.67, a PEG ratio of 2.58 and a beta of 2.09.
About Avon Products
Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.
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