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.
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.
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.
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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).
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