Coty, Inc. (COTY) Announces $700M Share Repurchase Plan
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Coty (COTY) PT Lifted to $29 at Piper Jaffray Post Q4; 'Neutral' Rating Maintained
August 14, 2015 6:44 AM EDTPiper Jaffray analyst Stephanie Wissink raised her price target on Coty Inc. (NYSE: COTY) to $29.00 (from $24.00) following Q4 results but maintained a Neutral rating. The analyst said while the P&G deal adds scale, core sales growth is still lagging.
commented, "We are maintaining our broader thesis... More
Coty, Inc. (COTY) Tops Q4 EPS by 1c
August 13, 2015 7:02 AM EDTCoty, Inc. (NYSE: COTY) reported Q4 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $999.01 million.
Commenting on Cotys performance, Bart Becht, Chairman and Interim CEO said: 2015 was a good year. We made meaningful progress on our strategy of driving revenue growth on power brands, while fueling profit growth behind efficiency programs. During the year, power brand net revenue growth, while still modest, was in the low single digits like-for-like, driven by Marc Jacobs, Chloe, Sally Hansen, Rimmel, and... More
