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TheStreet Open House

Why Coty (COTY) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Coty Inc. (COTY) are lower by -5.22% to $17.07 at the start of trading on Thursday, after the company reported 2014 fourth quarter adjusted net income of $9.9 million, or three cents per share, which were flat compared with the prior year's fourth quarter.

Adjusted net income missed the five cents analysts polled by Thomson Reuters were expecting.

The cosmetics and beauty manufacturer, marketer, and distributor posted a 0.7% decrease in net revenue to $1.04 billion for the most recent quarter, from $1.06 billion for the year ago period.

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Analysts were expecting the company's revenue to be flat with last year's fourth quarter.

"The company enjoyed strong performance in EMEA and Asia Pacific, which was more than offset by revenues softness in North America, where our nail and fragrance businesses were impacted by market contraction, trade de-stocking and increased promotional and competitive pressure, mainly in the mass channel," said company CEO Michele Scannavini.

Separately, TheStreet Ratings team rates COTY INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate COTY INC (COTY) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk."

You can view the full analysis from the report here: COTY Ratings Report

COTY Chart COTY data by YCharts

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