Avon Products Inc. (NYSE:AVP) Earnings Turns Red, Lowers Quarterly Dividend – AVP, REV, MDLZ, KO, MJN, DF, MNST, KRFT

On Thursday, Avon Products Inc. (NYSE:AVP)reported that it earned $31.6 million, or 7 cents per share in the 3Q, in contrast with $164.2 million, or 38 cents per share last year.

On a revised basis, the firm stated that it earned 17 cents per share in the 3Q. Overall sales declined to $2.55 billion, from $2.76 billion. Experts surveyed by FactSet Research had predicted the firm to earn 22 cents per share on sales of $2.58 billion.

Avon also stated that it lowered its quarterly dividend to 6 cents per share from 23 cents per share.

Its competitors include Revlon, Inc. (NYSE:REV) that surged +1.10% to $15.57 with the total traded volume of 7,459.00 shares.

Other Consumer Goods stocks with bullish trend include Mondelez International Inc (NASDAQ:MDLZ) up +0.95% to $26.80, The Coca-Cola Company (NYSE:KO) up +0.32% to $37.30 and Mead Johnson Nutrition CO(NYSE:MJN) up +3.36% to $63.75, whereas with bearish trend include Dean Foods Company (NYSE:DF) down -1.19% to $16.64, Monster Beverage Corp (NASDAQ:MNST) down -0.18% to $44.57 and Kraft Foods Group Inc (NASDAQ:KRFT) down -0.41% to $45.28.

Avon Products, Inc. (NYSE:AVP) stock in current session held volume of 5.97 million shares as compare to its average volume of 4.69 million shares. The stock after opening at $14.95 hit high price of $16.08 and then trading at $15.66 by scoring +1.16%.

As the revenue measures AVP generated revenue of 10.97 billion in the following twelve months income of $248.40 million. The Company showed a positive 2.33% in the net profit margin and in addition to in its operating margin which remained 4.46%. Company’s annual sales growth for the past five year was 5.20%.

The stock showed weekly downbeat performance of -5.26% which was maintained for the month at -2.88%. Likewise the positive performance for the quarter was recorded as +1.44% and for the year was -13.70% while the YTD performance remained at -7.96%.

The AVP past twelve months price to sales ratio was 0.61 and price to cash ratio remained 5.16. As far as the returns are concern, the AVP return on equity was recorded as 14.41% and increased 5.12% return on investment while its return on asset stayed at 3.23%.

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