Revlon Inc (NYSE:REV) Director Ronald O. Perelman bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average price of $23.51 per share, with a total value of $470,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
REV traded down $0.05 on Monday, reaching $19.28. The company’s stock had a trading volume of 114,658 shares, compared to its average volume of 137,726. The firm has a 50 day moving average of $22.36. Revlon Inc has a 1 year low of $14.00 and a 1 year high of $29.62. The firm has a market cap of $1.02 billion, a PE ratio of -5.22 and a beta of 0.27.
Revlon (NYSE:REV) last released its earnings results on Thursday, May 9th. The company reported ($1.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.47). The business had revenue of $553.20 million during the quarter, compared to the consensus estimate of $553.60 million. The business’s quarterly revenue was down 1.3% on a year-over-year basis. On average, sell-side analysts predict that Revlon Inc will post -2.76 EPS for the current year.
Several equities research analysts have commented on REV shares. ValuEngine lowered Revlon from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Revlon in a research report on Tuesday, March 5th. Finally, Zacks Investment Research raised Revlon from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Friday, March 22nd.
Revlon Company Profile
Revlon, Inc, through its subsidiaries, develops, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Relvon segment offers color cosmetics and beauty tools under the Revlon brand; and hair color under the Revlon ColorSilk and Revlon Professional brands.
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