7. Avon Products (AVP), creates, manufactures and markets beauty and non-beauty-related products. The company has divided its product categories into beauty, fashion and home. It conducts its international operations through subsidiaries in 63 countries and territories outside the U.S. Besides, it has a distributor network in 41 other countries and territories.
The company is trading at a dividend yield of 3.29%. Recently, Avon declared and paid a regular quarterly dividend of 23 cents on its common stock. In February, the company raised its regular quarterly dividend by 4.5%. In the past five years, Avon's dividend yield grew 5.8%.
For the first quarter of 2011, the company reported revenue of $2.6 billion, up 7% from the year-ago quarter. Meanwhile, gross margin expanded 210 basis points to 63.9%. Net income increased to $143.6 million, or 33 cents per share, from $42.5 million, or 10 cents per share, in the first quarter of 2010. Cash and cash equivalents at the end of the quarter stood at $1.01 billion.Of the 16 analysts covering the stock, 31% recommend a buy and 63% rate a hold. Data from Bloomberg has analysts forecasting the stock gaining 16.7% to $33.00 in the upcoming 12 months.
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