Brokerages Anticipate Avon Products, Inc. (AVP) Will Post Quarterly Sales of $1.60 Billion
Wall Street analysts forecast that Avon Products, Inc. (NYSE:AVP) will report sales of $1.60 billion for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Avon Products’ earnings, with estimates ranging from $1.57 billion to $1.63 billion. Avon Products reported sales of $1.57 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.9%. The company is expected to issue its next earnings results on Thursday, February 15th.
According to Zacks, analysts expect that Avon Products will report full year sales of $1.60 billion for the current fiscal year, with estimates ranging from $5.72 billion to $5.78 billion. For the next year, analysts expect that the business will report sales of $5.82 billion per share, with estimates ranging from $5.73 billion to $5.90 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Avon Products.
Avon Products (NYSE:AVP) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. Avon Products had a negative net margin of 1.40% and a negative return on equity of 3.68%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share.
Institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new stake in Avon Products during the 2nd quarter worth about $307,000. Retirement Systems of Alabama grew its holdings in Avon Products by 0.5% during the 2nd quarter. Retirement Systems of Alabama now owns 567,032 shares of the company’s stock worth $2,155,000 after acquiring an additional 2,854 shares during the period. NJ State Employees Deferred Compensation Plan grew its holdings in Avon Products by 73.7% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 165,000 shares of the company’s stock worth $385,000 after acquiring an additional 70,000 shares during the period. Engineers Gate Manager LP acquired a new stake in Avon Products during the 2nd quarter worth about $1,636,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in Avon Products by 3.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 6,000,000 shares of the company’s stock worth $13,980,000 after acquiring an additional 200,000 shares during the period. Hedge funds and other institutional investors own 83.89% of the company’s stock.
Avon Products (NYSE:AVP) remained flat at $$1.94 during midday trading on Friday. 4,547,704 shares of the company’s stock were exchanged, compared to its average volume of 5,939,634. Avon Products has a one year low of $1.85 and a one year high of $6.03. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of -2.31.
ILLEGAL ACTIVITY NOTICE: “Brokerages Anticipate Avon Products, Inc. (AVP) Will Post Quarterly Sales of $1.60 Billion” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/20/brokerages-anticipate-avon-products-inc-avp-will-post-quarterly-sales-of-1-60-billion.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Avon Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avon Products Inc. and related stocks with our FREE daily email newsletter.