Anticipated Earnings Report: An Overview of Coty’s August 22nd Release
Overview Coty Inc. (NYSE:COTY) gears up to unveil its quarterly earnings data before the market opens on Tuesday, August 22nd. Analysts are on the edge of their seats, predicting the company will announce earnings of $0.02 per share for this quarter. A link will be available for those keen on tuning into the company’s conference call.
Institutional Investments: Recent Shifts Lately, various institutional investors and hedge funds have modified their positions in Coty. Forum Financial Management LP initiated a position in Coty in the first quarter, estimated at around $141,000. Similarly, GSA Capital Partners LLP secured a stake in the company during the fourth quarter valued near $140,000. Moreover, during the first and second quarters, Advisor Partners II LLC and Walleye Capital LLC each acquired stakes, valued at approximately $134,000 and $116,000 respectively. Notably, PFS Investments Inc. joined the league by securing a stake worth about $114,000 during Q1. Presently, institutional investors and hedge funds collectively possess 37.10% of the company’s shares.
Current Market Statistics As of Tuesday morning, COTY commenced trading at a price of $11.89 per share. At present, the company maintains a 50-day average price of $12.19 and a two-hundred day average of $11.64. Some significant metrics include:
- Quick ratio: 0.40
- Current ratio: 0.69
- Debt-to-equity ratio: 1:08
- Market cap: $10.14 billion
- PE ratio: 59.43
- P/E/G ratio: 1.30
- Beta: 1.89
The company reached its peak with a 52-week high of $13.46, contrasting its lowest point at $6.19.
Company Profile: Dominance in Global Beauty Coty Inc, supported by its subsidiaries, is a dominant figure in the worldwide beauty landscape. They engage in creating, promoting, distributing, and selling beauty products globally. With a firm grip on both Prestige and Consumer Beauty domains, the company provides an extensive variety of fragrance, color cosmetics, and skincare products. Their Prestige products find their way through luxury retail channels, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops. Some of the renowned brands under their umbrella include Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Kylie Jenner, Lacoste, Marc Jacobs, Miu Miu, and Tiffany & Co.
Looking Forward: August 22nd Expectations As the date draws near, the burning question remains: will Coty align with market forecasts and present optimistic results for its stakeholders? Once the earnings details are out in the open, the stock’s trajectory and investor sentiment will emerge clearly. In the interim, institutional investors, hedge funds, and general shareholders will be keeping a close eye on Coty’s endeavors, eager for insights into its fiscal health.
