Avon's Rating Downgraded

Wed, 03/16/2011 - 11:13 EDT - Seeking Alpha

Zacks.com submits:
We have downgraded our long-term recommendation on Avon Products Inc. (AVP) to 'Underperform' from 'Neutral' with a target price of $25.00 per share. Also, the company has a Zacks #5 Rank, implying a short-term 'Strong Sell' rating on the stock. New York City based Avon Products directly sells cosmetics, fragrances, toiletries, jewelry, and accessories. The company markets to women around the world through 6.2 million independent sales representatives and is the world’s largest direct seller. The company’s products are classified under the following categories: Beauty, Beauty Plus, Beyond Beauty, and Health and Wellness. However, Avon recorded feeble operating performance in the fourth quarter of 2010. The company's earnings per share plunged 13.2% to $0.59 from $0.68 per share in the year-ago period. The decline was principally due to reduction in operating margin, which resulted from unfavourable product mix, rising commodity cost and a 27% sales decline in Venezuela. Moreover, AvonComplete Story »

Original article
Login to post comments

Going Global and Finding Value With Avon Products
Jim Pyke submits:Avon Products, Inc. (AVP) is a leading global beauty, fashion and home furnishings company. It is truly a global company with almost 90% of its employees based overseas and approximately 80% of its revenues. Its largest single country market is Brazil, not the United States.
Avon Reports Marginal Growth, Misses Estimates
Zacks.com submits: Avon Products Inc. (AVP) recently posted fourth-quarter 2010 adjusted earnings of 59 cents a share, which fell short of the Zacks Consensus Estimate of 67 cents and dipped 13.2% from the year-ago figure of 68 cents a share.
Avon Q2 Earnings Preview: Low Expectations
Avon Products, Inc. (AVP) will announce earnings for the second quarter of its fiscal year 2014 (2QFY14), before market opens on Thursday. Avon, one of the world’s largest direct-selling cosmetics companies, is expected to report a drop in sales and profitability for the quarter. It missed revenue estimate in three of the last four quarters. It has also missed earnings estimates twice over the year.
Whirlpool Reports Mixed Fourth Quarter
Zacks.com submits: Whirlpool Corporation (WHR) reported net earnings of $171 million or $2.19 per share for the last quarter of 2010, showing marked improvement compared with $95 million or $1.24 per share reported during the same period last year.
Avon Cutting 600 More Jobs As Part Of Restructuring Plan
Avon Products, Inc. (AVP), the world’s largest direct selling company, has announced another round of job cuts on Monday, in an extension to its ongoing restructuring efforts. The cosmetics company said that it will eliminate another 600 jobs from its corporate and North American business divisions. The action would result in pre-tax savings of $50-55 million annually.
Zacks' Bear Of The Day: Avon
By Zacks Investment Research: Avon Products (AVP) is a leading global beauty company, with nearly about $10 billion in annual revenue. The company is the world's largest direct seller with more than 6 million active independent sales representatives.
Bull Of The Day: Avon
By Zacks Investment Research: With growing demand for its products and improved cost management, Avon seems to be in a position to deliver decent earnings growth.Further, with a solid outlook for the industry, this Zacks Rank #1 (Strong Buy) beauty products company looks quite attractive as of now. About the Company
A Personal Care Products Company To Avoid
By Dividendinvestr: By Palwasha Saaim
Avon Products: Dividend, Earnings And Valuation Analysis
By F.A.S.T. Graphs:A Dividend Contender is defined as a company that has increased its dividend for a minimum of 10 - 24 straight years. Avon Products (AVP) is a Dividend Contender that has raised its dividend every year for 22 consecutive years. The complete Dividend Contenders list is compiled courtesy of David Fish.
Avon Products: Earnings Preview
Zacks.com submits: Avon Products Inc. (AVP) is scheduled to release its first-quarter 2011 results on Tuesday, May 3, 2011. The Zacks Consensus Estimate is 31 cents a share for the first quarter of fiscal 2011. This represents a year-over-year estimated growth rate of 34.8%. Fourth Quarter Performance

Main menu

Secondary menu

Avon's Rating Downgraded

Related

Latest

Markets Map

Follow Us

Secondary menu