COTY - Coty Inc.
5.88 -0.00 (-0.01%)
After hours: 5:28PM EDT
| Previous close | 5.56 |
| Open | 5.78 |
| Bid | 5.80 x 1000 |
| Ask | 5.89 x 1000 |
| Day's range | 5.68 - 5.95 |
| 52-week range | 3.02 - 14.14 |
| Volume | 6,097,205 |
| Avg. volume | 6,896,775 |
| Market cap | 4.472B |
| Beta (5Y monthly) | 1.13 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -3.69 |
| Earnings date | 05 May 2020 - 10 May 2020 |
| Forward dividend & yield | 0.50 (8.99%) |
| Ex-dividend date | 13 Feb 2020 |
| 1y target est | 6.83 |
- Business Wire
Coty Starts Producing Hydro-Alcoholic Hand Sanitizer to Help Combat COVID-19 Virus
Coty Starts Producing Hydro-Alcoholic Hand Sanitizer to Help Combat COVID-19 Virus Products Donated to Medical and Emergency Services
- Zacks
Are Options Traders Betting on a Big Move in Coty Stock?
Investors need to pay close attention to Coty stock based on the movements in the options market lately.
- Zacks
Coty (COTY) Jumps: Stock Rises 7.5%
Coty (COTY) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.
- Business Wire
Coty Provides Operational and Financial Update Amid COVID-19 Outbreak
Coty Provides Operational and Financial Update Amid COVID-19 Outbreak
- Bloomberg
Henkel, KKR Advance in Bidding for $8 Billion Coty Unit
(Bloomberg) -- Henkel AG, the German shampoo maker, and buyout firm KKR & Co. are among a small group of suitors proceeding to the second round of bidding for Coty Inc.’s professional hair and nail products business, people familiar with the matter said.Advent International and a separate consortium of Cinven and the Abu Dhabi Investment Authority weren’t chosen to advance to the next round after they submitted initial offers last week, the people said. Private equity firms Bain Capital and Clayton Dubilier & Rice dropped out of the race, according to the people, who asked not to be identified as the information is private.Some suitors have made bids for just the Good Hair Day business or Coty’s Brazilian operations, the people said. The entire unit, which owns brands including Wella and Clairol, could fetch $7 billion to $8 billion, Bloomberg News has reported.Shares of Coty jumped as much as 5.7% in U.S. trading Tuesday, the biggest intraday gain in more than a month, and were up 1.4% at 9:49 a.m. in New York. Henkel’s preferred shares gained as much as 3.5% in Frankfurt, the most since July. Turbulent MarketsUnilever and cosmetics maker Boticario Group have been looking at parts of the business, people familiar with the matter said last month.The sale comes at a time when stocks are being roiled by the spreading coronavirus and a slump in oil prices. The turbulence has spread to the credit markets, raising borrowing costs and making it tougher for private equity firms that depend on leverage to get deals done.Related: Hair Today for Coty If Reported Disposal Price Is Met: ReactProceeds could be used for “much-needed debt reduction and investment across skincare, cosmetics and fragrances to speed up agility and fix ebbing market shares,” according to Deborah Aitken, a senior industry analyst for Bloomberg Intelligence.Coty’s banks are offering financing to help buyout firms fund the acquisition, a person with knowledge of the matter said last month.Deal FirepowerA representative for Coty said the strategic review of its professional beauty business and Brazilian operations is “proceeding as planned.” The company expects to complete the process by summer 2020, within the contemplated timeframe, the Coty representative said.Representatives for Advent, Bain, CD&R, Cinven, Henkel and KKR declined to comment, while a spokesperson for ADIA didn’t immediately respond to a request for comment.Henkel’s new Chief Executive Officer Carsten Knobel said last week the company has the “firepower” to make acquisitions for business lines including beauty alongside asset disposals.Advent and Cinven last month won a competitive auction to acquire Thyssenkrupp AG’s elevator division for 17.2 billion euros ($19.5 billion), making it the biggest private-equity deal in Europe in a decade.(Updates with share reaction in fourth paragraph. An earlier version corrected spelling of Henkel CEO’s name)\--With assistance from Oliver Sachgau and Robert Williams.To contact the reporters on this story: Dinesh Nair in London at dnair5@bloomberg.net;Aaron Kirchfeld in London at akirchfeld@bloomberg.net;David Hellier in London at dhellier@bloomberg.netTo contact the editors responsible for this story: Ben Scent at bscent@bloomberg.net, Matthew MonksFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Coty (COTY) Down 26.3% Since Last Earnings Report: Can It Rebound?
Coty (COTY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Business Wire
Coty Announces Executive and Board Appointments to Accelerate Growth
Coty Inc. (NYSE: COTY) today announced several executive and Board appointments that are designed to help accelerate growth of the business. By summer 2020, upon conclusion of the strategic review that is underway, Pierre Denis will succeed Pierre Laubies as Chief Executive Officer of Coty and Pierre-André Térisse, Chief Financial Officer of Coty, will become Chief Operating Officer while retaining in full his CFO role and responsibilities. Additionally, the Coty Board of Directors has elected Isabelle Parize and Justine Tan non-executive directors, effective February 27, 2020.
- Zacks
Coty's Luxury Unit Looks Solid, Consumer Beauty Segment Soft
Solid brand performances, innovations and strong consumer demand are aiding Coty's (COTY) Luxury business. However, challenges in the Consumer Beauty unit persist.
- Yahoo Finance
Humana, Spotify, Coty: Companies to Watch
Humana, Spotify & Coty are the companies to watch.
- Zacks
Coty (COTY) Surpasses Earnings and Revenue Estimates in Q2
Weak Consumer Beauty sales hurt Coty's (COTY) top line in second-quarter fiscal 2020.
- Reuters
Coty earnings top estimates, downplays coronavirus hit; shares surge
The virus, which has killed nearly 500 people and affected hundreds of thousands across the globe, has forced several retailers, including Capri Holdings and Ralph Lauren Corp , to shut stores and limit working hours. Chief Financial Officer Pierre-Andre Terisse told Reuters the company would take a hit but it would be smaller than that of its competitors. "Investors have been on edge with beauty and personal care companies because of the impact of the coronavirus, and specifically the impact it will have to sales in the greater China area and travel retail channel," CFRA Research analyst Arun Sundaram said.
- Business Wire
Coty Inc. Announces Updated Sustainability Platform "Beauty That Lasts"
Coty Inc. Announces Updated Sustainability Platform "Beauty That Lasts" Includes Targets from 2020 – 2030
- Business Wire
Coty Inc. Reports Fiscal Second Quarter 2020 Results
Coty Inc. Reports Fiscal Second Quarter 2020 Results
- Zacks
Here's How Coty (COTY) is Positioned Ahead of Q2 Earnings
Soft Consumer Beauty unit and supply chain hurdles are likely to get reflected in Coty's (COTY) performance in Q2. Nevertheless, robust Luxury segment and transformation efforts bode well.
- Zacks
Coty (COTY) Reports Next Week: What You Should Expect
Coty (COTY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
Helen of Troy (HELE) Q3 Earnings & Sales Rise Y/Y, Stock up
Helen of Troy's (HELE) Q3 earnings and sales increase year over year on strength in the Housewares and Beauty segment. However, the Health & Home segment looks troubled.
- Zacks
Coty Enters Oversold Territory
Coty has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
- Zacks
Procter & Gamble's Billie Buyout to Boost Grooming Portfolio
Procter & Gamble (PG) intends to buy Billie to further boost its women's care portfolio. This is likely to enhance its grooming business.
