REV - Revlon, Inc.
| Previous Close | 16.65 |
| Open | 16.50 |
| Bid | 10.00 x 900 |
| Ask | 20.20 x 900 |
| Day's Range | 16.29 - 16.84 |
| 52 Week Range | 13.58 - 29.62 |
| Volume | 115,884 |
| Avg. Volume | 132,976 |
| Market Cap | 881.924M |
| Beta (3Y Monthly) | 0.19 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -5.28 |
| Earnings Date | Nov 7, 2019 - Nov 11, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 18.00 |
- Reuters
Revlon to explore options, says largest shareholder
MacAndrews and Forbes, the holding company through which billionaire Ronald Perelman owns about 87% stake in Revlon, disclosed in an SEC filing that an external financial adviser has been retained to help in the efforts. Bloomberg reported on Thursday that Revlon had tapped Goldman Sachs Group Inc, citing sources.
- Reuters
UPDATE 1-Revlon to explore options, says largest shareholder
Revlon Inc's largest shareholder MacAndrews and Forbes said on Friday the cosmetics maker would explore options for the business. MacAndrews and Forbes, the holding company through which billionaire Ronald Perelman owns about 87% stake in Revlon, disclosed in an SEC filing that an external financial adviser has been retained to help in the efforts. Bloomberg reported on Thursday that Revlon had tapped Goldman Sachs Group Inc, citing sources.
- Reuters
Revlon to explore options
- Bloomberg
Revlon Taps Goldman to Explore Strategic Alternatives
(Bloomberg) -- Revlon Inc. retained financial advisers from Goldman Sachs Group Inc. to explore strategic alternatives for the cosmetics company, according to a person with knowledge of the matter.The makeup company backed by billionaire Ronald Perelman and under pressure from smaller rivals, is exploring all options, including potential sales of parts or all of the business, said the person, declining to comment further. No deals have been reached, but Revlon is reviewing all strategies, according to the person, who asked not to be identified discussing a private situation. A representative for Goldman Sachs confirmed the bank was hired by Revlon but declined to comment further.Revlon’s shares rose as much as 17% on the news, trading at $15.56 as of 2:44 p.m. in New York.Revlon has struggled to remain relevant and stem falling sales amid competition from Estee Lauder and a host of smaller companies that have used social media to rapidly gain prominence. Cash flow strengthened during the most recent period, but sales continue to slide in its North American segment due to overall challenges in the U.S. market and lower foot traffic at retail locations, S&P said in a report affirming the company’s CCC+ rating.The company reported $107.5 million of liquidity, including $63 million of unrestricted cash as of the quarter-ended June 30. Liquidity increased to $260 million as of Aug. 6, Revlon said.Majority owned by Perelman’s MacAndrews & Forbes Inc., Revlon offers over 15 brands in over 150 countries, including Elizabeth Arden and Elizabeth Taylor. The company has more than $3 billion of debt on its balance sheet, a majority of which comes due starting in 2020. Representatives for Revlon and MacAndrews & Forbes declined to comment.The cosmetic company got some financial breathing room recently after getting a $200 million loan from existing lender Ares Management Corp. Proceeds of the new loan will be around $187 million after fees.Revlon sought to grow by acquiring Elizabeth Arden in 2016 for about $419 million -- but the results haven’t panned out. Perelman acknowledged the challenges in January 2018 after his daughter, Debra Perelman, was tapped to take over as chief executive officer after the departure of Fabian Garcia, who was in the top role for less than two years. Arden showed some signs of growth in the most recent quarter, reporting a 10.7% sales increase in the second quarter driven by higher sales of its skin care products.The company’s mounting losses and junk-rated debt have fueled speculation that Perelman will seek some kind of deal or asset transfer. The billionaire held about 87% of the company’s shares as of June 7 according to data compiled by Bloomberg. Revlon’s $500 million of 5.75% senior unsecured notes trade around 89 cents on the dollar, according to Trace bond trading data. Its $1.8 billion first-lien loan due 2023 is quoted around 76 cents on the dollar, according to prices compiled by Bloomberg.Some investors and researchers have raised questions over the prospect of Revlon doing a J. Crew-style debt makeover. That retailer transferred assets to an offshore subsidiary, leaving less collateral for lenders to claim in a potential restructuring. Revlon’s then-Chief Financial Officer Chris Peterson sought to tamp down those concerns last year. “A material asset transfer is not being considered,” he said in a statement at the time.Revlon faces a substantial debt wall in the next two years, which S&P expects the company will address in the coming months. The ratings agency maintains a negative outlook on the company, reflecting a risk of downgrade if Revlon is unable to refinance its unsecured notes before they come current in February 2020. Revlon’s support from owner MacAndrews & Forbes should help the company refinance its capital structure, S&P said.(Updates details on liquidity as of August in fifth paragraph and Arden financials in eighth paragraph.)\--With assistance from Jonathan Roeder.To contact the reporter on this story: Katherine Doherty in New York at kdoherty23@bloomberg.netTo contact the editors responsible for this story: Rick Green at rgreen18@bloomberg.net, Shannon D. Harrington, Dawn McCartyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- TheStreet.com
Revlon Spikes on Report That It Tapped Goldman to Explore Strategic Alternatives
The stock had been trading near its 52-week low before Thursday's upward movement on a Bloomberg report. It's a bit more than half its 52-week high.
- Thomson Reuters StreetEvents
Edited Transcript of REV earnings conference call or presentation 8-Aug-19 12:30pm GMT
Q2 2019 Revlon Inc Earnings Call
- Zacks
Revlon (REV) Reports Q2 Loss, Lags Revenue Estimates
Revlon (REV) delivered earnings and revenue surprises of -39.44% and -4.31%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Revlon Reports Second Quarter 2019 Results
Revlon, Inc. today announced its results for the quarter ended June 30, 2019.
- Benzinga
Preview: Revlon's Q2 Earnings
On Thursday, August 8, Revlon (NYSE: REV ) will release its latest earnings report. Check out Benzinga's preview to understand the implications. Earnings and Revenue Analysts covering Revlon have modeled ...
- Business Wire
Revlon to Release Second Quarter 2019 Results and Host a Conference Call on August 8, 2019
Revlon, Inc. today announced that on Thursday, August 8, 2019 the Company intends to release its results for the second quarter ended June 30, 2019 and host a conference call at 8:30 A.M.
- Zacks
Will Revlon (REV) Report Negative Q2 Earnings? What You Should Know
Revlon (REV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- GlobeNewswire
MONDAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Revlon, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Revlon, Inc. (“Revlon” or “the Company”) (NYSE: REV) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
- GlobeNewswire
REVLON 24 HOUR DEADLINE ALERT: APPROXIMATELY 24 HOURS REMAIN; FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuit Against Revlon, Inc. - REV
NEW ORLEANS, July 14, 2019 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large.
- Business Wire
REVLON 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Revlon, Inc. - REV
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until July 15, 2019 to file lead plaintiff applications in a securities class action lawsuit against Revlon, Inc. (REV). Investor losses must relate to purchases of the Company’s securities between March 12, 2015 and March 28, 2019.
- Simply Wall St.
Did Changing Sentiment Drive Revlon's (NYSE:REV) Share Price Down By 40%?
For many investors, the main point of stock picking is to generate higher returns than the overall market. But the...
- GlobeNewswire
SHAREHOLDER ALERT: CLAIMSFILER REMINDS EQT, FDX, REV INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits
NEW ORLEANS, July 10, 2019 -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:.
- GlobeNewswire
Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Revlon, Inc.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming July 15, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of Revlon, Inc. (“Revlon” or the “Company”) (NYSE: REV) investors who purchased securities between March 12, 2015 and March 28, 2019, inclusive (the “Class Period”). If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.
- GlobeNewswire
Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Revlon, Inc.
Law Offices of Howard G. Smith reminds investors of the upcoming July 15, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Revlon, Inc. (“Revlon” or the “Company”) (NYSE: REV) securities between March 12, 2015 and March 28, 2019, inclusive (the “Class Period”).
- GlobeNewswire
SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF REMINDS FDX, FRED, PSMT, REV INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits
NEW ORLEANS, July 08, 2019 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending.
- GlobeNewswire
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Equity Bancshares, Revlon and AAC Holdings and Encourages Investors to Contact the Firm
NEW YORK, July 08, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Equity Bancshares,.
- GlobeNewswire
7-DAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Revlon, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Revlon, Inc. (“Revlon” or “the Company”) (NYSE: REV) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
- GlobeNewswire
SHAREHOLDER ALERT: CLAIMSFILER REMINDS REV, TEVA INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits
NEW ORLEANS, July 05, 2019 -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:.
- GlobeNewswire
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Revlon, Inc. - REV
Pomerantz LLP is investigating claims on behalf of investors of Revlon, Inc. (“Revlon” or the “Company”) (NYSE: REV). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. On March 5, 2019, citing a review of Nielsen data, a Jefferies analyst noted that Revlon’s recent sales declines appeared to be worse than those of its rivals. Following this news, Revlon’s stock price fell $5.38 per share, or 21.04%, to close at $20.19 per share on March 5, 2019. Then on March 18, 2019, Revlon announced it would be unable to timely file its Annual Report for the fiscal year ending December 31, 2018.
