Avon Products (AVP) was Downgraded by Piper Jaffray to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. Piper Jaffray advised their investors in a research report released on Apr 12, 2016.
Many Wall Street Analysts have commented on Avon Products. Avon Products was Downgraded by Piper Jaffray to ” Neutral” on Apr 12, 2016. Avon Products was Upgraded by Piper Jaffray to ” Overweight” on Jan 22, 2016.
On the company’s financial health, Avon Products reported $-0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Nov 4, 2015. Analyst had a consensus of $0.07. The company had revenue of $1666.90 million for the quarter, compared to analysts expectations of $1684.53 million. The company’s revenue was down -22.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.
Avon Products opened for trading at $4.59 and hit $5 on the upside on Monday, eventually ending the session at $4.85, with a gain of 7.30% or 0.33 points. The heightened volatility saw the trading volume jump to 1,13,00,929 shares. Company has a market cap of $2,112 M.
In a different news, on May 7, 2015, Pablo Munoz (Senior Vice President) purchased 10,000 shares at $7.25 per share price. According to the SEC, on Feb 2, 2015, Maria Elena Lagomasino (director) purchased 7,473 shares at $13.36 per share price.
Avon Products Inc. is a manufacturer and marketer of beauty and related products. The Company’s offers its products under two product categories: Beauty and Fashion & Home. Beauty consists of skincare (which includes personal care) fragrance and color (cosmetics). Fashion & Home consists of fashion jewelry watches apparel footwear accessories gift and decorative products housewares entertainment and leisure products children’s products and nutritional products. The Company’s segments are -based on geographic operations and include commercial business units in Latin America; Europe Middle East & Africa; North America and Asia Pacific. The Company’s business is conducted primarily in one channel direct selling. The Company has sales operations in 60 countries and territories including the United States and distributed its products in 41 other countries and territories.