Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Revlon (REV) Stock Price
News headlines about Revlon (NYSE:REV) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Revlon earned a news impact score of 0.11 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.3442971996054 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Revlon (REV) opened at 22.80 on Wednesday. Revlon has a 52-week low of $15.60 and a 52-week high of $36.80. The company’s market cap is $1.20 billion. The firm has a 50-day moving average price of $19.62 and a 200-day moving average price of $21.24.
Revlon (NYSE:REV) last released its quarterly earnings results on Friday, August 4th. The company reported ($0.46) earnings per share for the quarter. Revlon had a negative net margin of 4.35% and a negative return on equity of 3.09%. The business had revenue of $645.70 million during the quarter. On average, analysts forecast that Revlon will post $1.80 EPS for the current year.
A number of research firms have issued reports on REV. BidaskClub upgraded Revlon from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC began coverage on Revlon in a research report on Wednesday, September 13th. They issued a “hold” rating and a $16.00 target price on the stock. Finally, ValuEngine cut Revlon from a “hold” rating to a “sell” rating in a research report on Friday, September 15th.
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In other Revlon news, Director Ronald O. Perelman purchased 66,684 shares of the stock in a transaction on Monday, September 25th. The shares were purchased at an average price of $20.03 per share, with a total value of $1,335,680.52. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ronald O. Perelman purchased 280,568 shares of the stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of $18.66 per share, for a total transaction of $5,235,398.88. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,698,314 shares of company stock worth $31,129,986. Insiders own 78.00% of the company’s stock.
Revlon, Inc manufactures, markets and sells around the world a range of beauty and personal care products, including color cosmetics, hair color, hair care and hair treatments, as well as beauty tools, men’s grooming products, anti-perspirant deodorants, fragrances, skincare and other beauty care products.
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