Analysts Anticipate Avon Products Inc (AVP) Will Announce Quarterly Sales of $1.35 Billion

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

According to Zacks, analysts expect that Avon Products will report full year sales of $1.35 billion for the current year, with estimates ranging from $5.73 billion to $5.83 billion. For the next fiscal year, analysts anticipate 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 averages are a mean average based on a survey of sell-side research firms that that provide coverage for Avon Products.

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

AVP has been the topic of several research analyst reports. Bank of America cut shares of Avon Products from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $3.00 to $2.50 in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of Avon Products from a “strong sell” rating to a “hold” rating in a research report on Monday, January 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $2.00 price objective on shares of Avon Products in a research report on Friday, February 16th. Deutsche Bank lifted their price objective on shares of Avon Products from $2.00 to $3.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Finally, ValuEngine cut shares of Avon Products from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $2.47.

Institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Avon Products by 169.0% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,362 shares of the company’s stock valued at $114,000 after acquiring an additional 32,268 shares in the last quarter. PEAK6 Investments L.P. purchased a new position in shares of Avon Products during the 3rd quarter valued at $139,000. Xact Kapitalforvaltning AB purchased a new position in shares of Avon Products during the 4th quarter valued at $136,000. Schroder Investment Management Group purchased a new position in shares of Avon Products during the 3rd quarter valued at $156,000. Finally, Caption Management LLC purchased a new position in shares of Avon Products during the 4th quarter valued at $161,000. Institutional investors and hedge funds own 83.61% of the company’s stock.

NYSE AVP traded down $0.06 on Wednesday, hitting $2.82. 4,102,553 shares of the stock were exchanged, compared to its average volume of 6,735,203. Avon Products has a 52-week low of $1.85 and a 52-week high of $4.89. The company has a debt-to-equity ratio of -2.62, a quick ratio of 1.05 and a current ratio of 1.43. The stock has a market cap of $1,268.28, a price-to-earnings ratio of 47.00, a PEG ratio of 1.27 and a beta of 1.43.

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Avon Products Company Profile

Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.

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

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