Avon Products, Inc. Forecasted to Post Q3 2017 Earnings of $0.07 Per Share (AVP)
Avon Products, Inc. (NYSE:AVP) – Research analysts at Jefferies Group issued their Q3 2017 EPS estimates for shares of Avon Products in a research note issued on Wednesday. Jefferies Group analyst S. Wissink expects that the company will post earnings of $0.07 per share for the quarter. Jefferies Group currently has a “Underperform” rating and a $2.20 price target on the stock. Jefferies Group also issued estimates for Avon Products’ Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.10 EPS, Q1 2018 earnings at ($0.01) EPS and FY2018 earnings at $0.25 EPS.
Avon Products (NYSE:AVP) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.10). Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $0.07 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “Avon Products, Inc. Forecasted to Post Q3 2017 Earnings of $0.07 Per Share (AVP)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/09/16/avon-products-inc-forecasted-to-post-q3-2017-earnings-of-0-07-per-share-avp.html.
Several other equities research 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 report on Wednesday, August 9th. Stifel Nicolaus reissued 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 downgraded Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. UBS AG cut their price objective on Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a report on Friday, August 4th. Finally, Deutsche Bank AG reissued 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 equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Avon Products currently has an average rating of “Hold” and an average price target of $3.71.
Avon Products (NYSE AVP) opened at 2.54 on Friday. Avon Products has a 52 week low of $2.40 and a 52 week high of $6.96. The firm’s market cap is $1.12 billion. The stock’s 50 day moving average price is $2.75 and its 200 day moving average price is $3.66.
A number of institutional investors and hedge funds have recently made changes to their positions in AVP. Two Sigma Securities LLC lifted its holdings in Avon Products by 1.9% during the 1st quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock worth $100,000 after buying an additional 420 shares during the period. Alpine Global Management LLC acquired a new position in Avon Products during the 2nd quarter worth about $100,000. Shelton Capital Management acquired a new position in Avon Products during the 2nd quarter worth about $122,000. Oakbrook Investments LLC lifted its holdings in Avon Products by 2.5% during the 2nd quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock worth $124,000 after buying an additional 800 shares during the period. Finally, LS Investment Advisors LLC lifted its holdings in Avon Products by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock worth $133,000 after buying an additional 5,217 shares during the period. 84.24% of the stock is currently owned by hedge funds and other institutional investors.
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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