Avon Products, Inc. Forecasted to Post Q2 2018 Earnings of $0.03 Per Share (AVP)
Avon Products, Inc. (NYSE:AVP) – Research analysts at Jefferies Group issued their Q2 2018 earnings per share (EPS) estimates for Avon Products in a report issued on Wednesday. Jefferies Group analyst S. Wissink anticipates that the company will post earnings per share of $0.03 for the quarter. Jefferies Group currently has a “Underperform” rating and a $2.20 target price on the stock. Jefferies Group also issued estimates for Avon Products’ Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.14 EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.08 EPS and FY2019 earnings at $0.40 EPS.
Avon Products (NYSE:AVP) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the business earned $0.07 EPS. The business’s revenue was down 2.7% compared to the same quarter last year. WARNING: “Avon Products, Inc. Forecasted to Post Q2 2018 Earnings of $0.03 Per Share (AVP)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/09/16/avon-products-inc-forecasted-to-post-q2-2018-earnings-of-0-03-per-share-avp.html.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Avon Products from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and set a $4.00 price objective (down previously from $4.50) on shares of Avon Products in a report on Wednesday, August 9th. ValuEngine cut Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. UBS AG dropped their price objective on Avon Products from $3.50 to $2.75 and set a “sell” rating for the company in a report on Friday, August 4th. Finally, Deutsche Bank AG restated a “hold” rating and set a $3.00 price objective (down previously from $5.00) on shares of Avon Products in a report on Friday, August 4th. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $3.71.
Shares of Avon Products (NYSE AVP) opened at 2.54 on Thursday. The company has a 50-day moving average price of $2.75 and a 200-day moving average price of $3.66. The stock’s market cap is $1.12 billion. Avon Products has a 52 week low of $2.40 and a 52 week high of $6.96.
A number of institutional investors and hedge funds have recently bought and sold shares of AVP. BlackRock Inc. boosted its holdings in Avon Products by 14,920.7% during the 1st quarter. BlackRock Inc. now owns 46,294,214 shares of the company’s stock valued at $203,696,000 after acquiring an additional 45,986,012 shares during the period. FMR LLC lifted its holdings in shares of Avon Products by 219.8% in the 2nd quarter. FMR LLC now owns 29,804,223 shares of the company’s stock worth $113,256,000 after buying an additional 20,485,474 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Avon Products by 44.7% in the 1st quarter. Bank of New York Mellon Corp now owns 18,164,379 shares of the company’s stock worth $79,923,000 after buying an additional 5,611,575 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Avon Products by 155.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,517,308 shares of the company’s stock worth $13,366,000 after buying an additional 2,141,208 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Avon Products by 49.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 5,878,183 shares of the company’s stock worth $22,338,000 after buying an additional 1,953,010 shares during the period. Institutional investors own 84.24% of the company’s stock.
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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