Analysts Anticipate Avon Products Inc (AVP) Will Post Earnings of -$0.01 Per Share

Equities research analysts expect Avon Products Inc (NYSE:AVP) to announce earnings of ($0.01) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Avon Products’ earnings, with estimates ranging from ($0.05) to $0.02. Avon Products posted earnings per share of ($0.07) in the same quarter last year, which suggests a positive year over year growth rate of 85.7%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, May 3rd.

On average, analysts expect that Avon Products will report full year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.15 to $0.21. For the next year, analysts anticipate that the company will post earnings of $0.30 per share, with EPS estimates ranging from $0.24 to $0.39. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Avon Products.

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Avon Products (NYSE:AVP) last announced its earnings results on Thursday, February 15th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the business earned $0.01 earnings per share. Avon Products’s quarterly revenue was up .1% on a year-over-year basis.

AVP has been the topic of a number of research reports. Bank of America lowered shares of Avon Products from a “neutral” rating to an “underperform” rating and reduced their target price 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 restated a “sector perform” rating and issued a $2.00 price objective on shares of Avon Products in a report on Friday, February 16th. Deutsche Bank increased their price objective on shares of Avon Products from $2.00 to $3.00 and gave the company a “hold” rating in a report on Friday, February 16th. Finally, ValuEngine lowered shares of Avon Products from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Four 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 stock presently has an average rating of “Hold” and an average target price of $2.47.

Shares of AVP stock traded down $0.01 during trading hours on Monday, reaching $2.81. 2,418,192 shares of the company were exchanged, compared to its average volume of 4,739,145. Avon Products has a fifty-two week low of $1.85 and a fifty-two week high of $4.89. The firm has a market capitalization of $1,241.85, a price-to-earnings ratio of 46.83, a PEG ratio of 1.24 and a beta of 1.42. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of -2.62.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Avon Products by 169.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,362 shares of the company’s stock valued at $114,000 after buying an additional 32,268 shares during the period. Xact Kapitalforvaltning AB acquired a new position in Avon Products in the fourth quarter valued at approximately $136,000. PEAK6 Investments L.P. acquired a new stake in Avon Products in the third quarter worth $139,000. Schroder Investment Management Group acquired a new stake in Avon Products in the third quarter worth $156,000. Finally, Caption Management LLC acquired a new stake in Avon Products in the fourth quarter worth $161,000. Institutional investors and hedge funds own 83.61% of the company’s stock.

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About Avon Products

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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