Top 5 Dividend Companies To Watch In Right Now

Top 5 Dividend Companies To Watch In Right Now: Avon Products Inc. (AVP)

Avon Products Inc. manufactures and markets beauty and related products worldwide. Its product categories include color cosmetics, fragrances, skin care, and personal care; fashion jewelry, watches, apparel, footwear, and accessories; and gift and decorative products, housewares, entertainment and leisure, and children?s and nutritional products. Avon Products Inc. markets its products through direct selling and independent representatives, as well as through distributorships. The company was founded in 1886 and is based in New York, New York.

Advisors' Opinion:

• [By Grace L. Williams]

  You don’t have to go door to door to find dismal news about Avon (AVP) today. Between the stock tanking over 20% and the companys announcements of a weak third-quarter topped with news that federal regulators are increasing the penalties to resolve its ongoing bribery probe, its one ugly afternoon for the beauty product and cosmetics company.

  The Wall Street Journals Serena Ng and Anna Prior recapped Avons woes nicely this afternoon:

  The government’s position, disclosed by Avon in a regulatory filing, adds another big weight on a company already struggling to turn around a string of poor results. On Thursday, the door-to-door seller of makeup and consumer products reported a third-quarter loss following a steep drop in sales in the U.S. and China.

  Regarding the bribery probe, the WSJ writes:

  Avon has been trying to resolve a federal bribery probe that has dogged it since 2008 and has already racked up roughly $340 million in legal and related costs. The company is in talks with the Securities and Exchange Commission and Justice Department to settle an investigation into whether Avon breached the Foreign Corrupt Practices Act by providing gifts or making payments to officials in China and other countries to get licenses to sell its products.

  Analysts were! mixed-to-negative in reaction to the news, revising their recommendations and slashing price targets. Rommel Dionisio of Wedbush, for one, cut the price target to $21 from $24, writing:

  Avon reported third-quarter revenue of $2.323 billion and adjusted earnings-per-share of 14 cents, again short of consensus forecasts of $2.443 billion and 19 cents, respectively. Overall local currency sales fell 1%, sequentially worse than the 2% growth seen in the second quarter, as sharp declines in North America (18%) and Asia-Pacific (19%) were partially offset by growth in Latin America (6%).

  We believe shares of Avon should trade at a 5%-10% disc

• [By Ben Levisohn]

  Shares of Herbalife have dropped 3.5% to $66.53 at 2:44 p.m., while Nu Skin Enterprises (NUS) has dipped 0.1% to $79.99, Usana Health Sciences (USNA) has fallen 0.4% to $75.84, Avon Products (AVP) has gained 0.9% to $15.22 and Weight Watchers (WTW) has advanced 0.2% to $20.95.

• [By Ben Levisohn]

  The Dow Jones Industrial Average dropped 0.5% to 15,545.75, led by big drops in Visa –down 3.5% after releasing disappointing earnings–JPMorgan Chase–off 2% after it and other large banks were sued by Fannie Mae–and American Express (AXP), which fell 1.6% to $81.80. The S&P 500 fell 0.4% to 1,756.54, as Avon (AVP) plunged 22% on bad earnings and the likelihood of a larger-than-expected settlement with the SEC, and MetLife (MET) dipped 3.5% on disappointing earns and said it would no longer offering future guidance.

• [By Lisa Levin]

  Avon Products (NYSE: AVP) shares fell 11.42% to $19.85 in the pre-market trading after the company reported weaker-than-expected Q3 results.

  Glu Mobile (NASDAQ: GLUU) dipped 10.29% to $3.40 on Q3 results.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-dividend-companies-to-watch-in-right-now.html