Avon Products (AVP) Announces Earnings Results

Avon Products (NYSE:AVP) released its quarterly earnings data on Thursday. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.05, Bloomberg Earnings reports. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.60 billion. The firm’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 EPS.

Shares of Avon Products (NYSE:AVP) traded up $0.20 during mid-day trading on Thursday, reaching $2.47. 4,054,386 shares of the company’s stock traded hands, compared to its average volume of 3,415,644. The company has a debt-to-equity ratio of -2.31, a current ratio of 1.42 and a quick ratio of 0.97. Avon Products has a 52 week low of $1.85 and a 52 week high of $5.41. The stock has a market cap of $967.99, a PE ratio of -9.64, a PEG ratio of 2.47 and a beta of 1.77.

A number of hedge funds have recently modified their holdings of AVP. Thrivent Financial For Lutherans boosted its position in Avon Products by 5.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 88,120 shares of the company’s stock valued at $335,000 after buying an additional 4,850 shares during the period. Dimensional Fund Advisors LP boosted its position in Avon Products by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,705,471 shares of the company’s stock valued at $29,280,000 after buying an additional 501,656 shares during the period. Shelton Capital Management purchased a new position in Avon Products in the 2nd quarter valued at approximately $122,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Avon Products in the 2nd quarter valued at approximately $745,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Avon Products in the 2nd quarter valued at approximately $307,000. 83.21% of the stock is owned by institutional investors.

A number of analysts have commented on AVP shares. Bank of America downgraded shares of Avon Products from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $3.00 to $2.50 in a report on Thursday, January 4th. Zacks Investment Research upgraded shares of Avon Products from a “strong sell” rating to a “hold” rating in a report on Monday, January 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $3.00 price objective on shares of Avon Products in a report on Friday, November 3rd. Jefferies Group cut their price objective on shares of Avon Products from $2.20 to $1.75 and set an “underperform” rating for the company in a report on Friday, November 3rd. Finally, DA Davidson reiterated a “hold” rating and issued a $2.00 price objective on shares of Avon Products in a report on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $2.86.

TRADEMARK VIOLATION WARNING: “Avon Products (AVP) Announces Earnings Results” was reported by Week Herald and is the sole property of of Week Herald. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://weekherald.com/2018/02/15/avon-products-avp-announces-earnings-results.html.

About Avon Products

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).

Earnings History 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.

Leave a Reply