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.

AVP has been the subject of a number of recent research reports. Zacks Investment Research upgraded Avon Products from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a report on Monday, October 23rd. DA Davidson restated a “buy” rating and issued a $2.00 price objective on shares of Avon Products in a report on Monday. Stifel Nicolaus restated a “hold” rating and issued a $3.00 price objective on shares of Avon Products in a report on Friday, November 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $3.00 price objective on shares of Avon Products in a report on Friday, October 13th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $3.00 price objective (down from $5.00) on shares of Avon Products in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Avon Products has a consensus rating of “Hold” and a consensus price target of $2.91.

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.

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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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Earnings History and Estimates for Avon Products (NYSE:AVP)

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