Avon Products, Inc. (AVP) Expected to Post Quarterly Sales of $1.35 Billion

Wall Street analysts expect that Avon Products, Inc. (NYSE:AVP) will report $1.35 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Avon Products’ earnings, with the lowest sales estimate coming in at $1.33 billion and the highest estimate coming in at $1.37 billion. Avon Products reported sales of $1.33 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 1.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that Avon Products will report full year sales of $1.35 billion for the current fiscal year, with estimates ranging from $5.73 billion to $5.83 billion. For the next financial year, analysts forecast that the company will post sales of $5.84 billion per share, with estimates ranging from $5.79 billion to $5.92 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Avon Products.

How to Become a New Pot Stock Millionaire

Avon Products (NYSE:AVP) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Avon Products had a negative return on equity of 6.19% and a net margin of 0.38%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the company posted $0.01 earnings per share. Avon Products’s quarterly revenue was up .1% on a year-over-year basis.

A number of research firms recently commented on AVP. Zacks Investment Research upgraded Avon Products from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. ValuEngine cut Avon Products from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2.00 price target on shares of Avon Products in a report on Friday, February 16th. Deutsche Bank lifted their price target on Avon Products from $2.00 to $3.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Finally, Jefferies Group set a $2.00 price target on Avon Products and gave the stock a “sell” rating in a report on Thursday, February 15th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $2.47.

Several large investors have recently modified their holdings of AVP. Stevens Capital Management LP bought a new stake in shares of Avon Products during the third quarter worth approximately $233,000. Alps Advisors Inc. boosted its holdings in shares of Avon Products by 50.0% during the third quarter. Alps Advisors Inc. now owns 205,711 shares of the company’s stock worth $479,000 after acquiring an additional 68,528 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Avon Products by 62.3% during the third quarter. SG Americas Securities LLC now owns 694,327 shares of the company’s stock worth $1,618,000 after acquiring an additional 266,562 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Avon Products during the third quarter worth approximately $662,000. Finally, Systematic Financial Management LP boosted its holdings in shares of Avon Products by 21.7% during the third quarter. Systematic Financial Management LP now owns 572,790 shares of the company’s stock worth $1,335,000 after acquiring an additional 102,010 shares during the period. Institutional investors own 83.61% of the company’s stock.

AVP stock traded up $0.03 during trading on Friday, reaching $2.93. The company had a trading volume of 5,603,436 shares, compared to its average volume of 5,021,601. Avon Products has a fifty-two week low of $1.85 and a fifty-two week high of $4.89. The company has a debt-to-equity ratio of -2.62, a current ratio of 1.43 and a quick ratio of 1.05. The company has a market capitalization of $1,277.08, a PE ratio of -73.25, a P/E/G ratio of 1.27 and a beta of 1.57.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3286314/avon-products-inc-avp-expected-to-post-quarterly-sales-of-1-35-billion.html.

Avon Products Company Profile

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).

Get a free copy of the Zacks research report on Avon Products (AVP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Avon Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avon Products and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Brokerages Expect South Jersey Industries  to Announce $0.96 Earnings Per Share
Brokerages Expect South Jersey Industries to Announce $0.96 Earnings Per Share
Analyzing AB Volvo  & Its Competitors
Analyzing AB Volvo & Its Competitors
Investors Buy High Volume of Liberty Broadband Call Options
Investors Buy High Volume of Liberty Broadband Call Options
Investors Buy High Volume of Rush Enterprises Call Options
Investors Buy High Volume of Rush Enterprises Call Options
Warrior Met Coal  and CONSOL Coal Resources  Head to Head Contrast
Warrior Met Coal and CONSOL Coal Resources Head to Head Contrast
$0.30 EPS Expected for Matador Resources  This Quarter
$0.30 EPS Expected for Matador Resources This Quarter


© 2006-2018 Ticker Report. Google+.