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.
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).
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