As per Coty Inc. (NYSE:COTY)’s news release on 2016-08-01, its shareholders will get cash dividend of $0.275 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-11 and 2016-08-19, respectively.
The stock will commence trading ex-dividend from 2016-08-09, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Coty Inc. (NYSE:COTY) disbursed $0.275 in dividend compared to distribution of $0.275, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 25%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Coty Inc. (NYSE:COTY) to attain a price target of $27.785. It is an average estimate figure given by 7 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $32. The low price range is set at $21.5 for next year while the arithmetic mean is seen at 2.92.
Eyeing Earnings Coty Inc. (NYSE:COTY) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.34 for the period ending on 2016-09-30.
In last quarter ended 2016-06-30, Coty Inc. (NYSE:COTY) earnings came at $0.13 suggesting a deviation of $0.07. The brokerages targeted EPS of $0.06 for the quarter.
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