Somewhat Positive Press Coverage Somewhat Unlikely to Impact Coty (COTY) Share Price

Media coverage about Coty (NYSE:COTY) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Coty earned a news impact score of 0.22 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.4267428329741 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern’s scoring:

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Shares of Coty (COTY) traded up $0.39 during trading on Monday, hitting $18.46. The company had a trading volume of 4,413,246 shares, compared to its average volume of 4,955,170. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. Coty has a twelve month low of $14.24 and a twelve month high of $21.68. The firm has a market capitalization of $13,550.04, a PE ratio of -36.20, a PEG ratio of 1.94 and a beta of 0.33.

Coty (NYSE:COTY) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. Coty had a positive return on equity of 4.45% and a negative net margin of 4.15%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.48 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. research analysts predict that Coty will post 0.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.71%. Coty’s dividend payout ratio (DPR) is presently -98.04%.

Several equities research analysts have recently commented on COTY shares. Stifel Nicolaus reissued a “buy” rating on shares of Coty in a research note on Friday, February 9th. Citigroup lifted their target price on Coty from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 9th. BMO Capital Markets lifted their target price on Coty from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Wells Fargo set a $17.00 target price on Coty and gave the company a “hold” rating in a research note on Monday, December 11th. Finally, Barclays set a $20.00 target price on Coty and gave the company a “hold” rating in a research note on Saturday, February 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Coty has a consensus rating of “Hold” and a consensus target price of $19.71.

In related news, major shareholder Cosmetics B.V. Jab acquired 1,550,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $20.27 per share, with a total value of $31,418,500.00. Following the completion of the purchase, the insider now directly owns 287,558,041 shares in the company, valued at $5,828,801,491.07. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

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Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, sells, and distributes beauty products worldwide. It operates in three segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

Insider Buying and Selling by Quarter for Coty (NYSE:COTY)

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