Coty Targets FY20 Adj. EPS Growth In Mid-Single Digits - Quick Facts

(RTTNews) - Coty Inc. (COTY) announced, for fiscal 2020, the company projects adjusted earnings per share to grow in mid-single digit. Net revenues are projected to be stable to slightly lower like-for-like, starting in first quarter.

For the fourth-quarter, adjusted earnings per share was $0.16 improved from $0.14 in the prior-year period. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.16, for the quarter. Analysts' estimates typically exclude special items.

Fourth-quarter net revenues were $2.115 billion, down 8.0% and down 4.1% on a like-for-like basis. Analysts expected revenue of $2.11 billion for the quarter.