Edgewell Personal Care (NYSE:EPC) Posts Earnings Results, Beats Expectations By $0.16 EPS

Edgewell Personal Care (NYSE:EPCGet Rating) released its quarterly earnings results on Thursday. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.16, Briefing.com reports. Edgewell Personal Care had a net margin of 5.61% and a return on equity of 10.06%. The company had revenue of $623.80 million during the quarter, compared to the consensus estimate of $613.70 million. During the same period in the previous year, the business earned $0.89 earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. Edgewell Personal Care updated its FY22 guidance to $2.50-2.60 EPS and its FY 2022 guidance to $2.50-$2.60 EPS.

Edgewell Personal Care Trading Up 0.0 %

Shares of Edgewell Personal Care stock traded up $0.02 during trading on Friday, hitting $41.02. The company’s stock had a trading volume of 432,164 shares, compared to its average volume of 488,700. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 0.99. Edgewell Personal Care has a 52 week low of $32.00 and a 52 week high of $51.86. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 18.90 and a beta of 0.92. The stock has a 50-day moving average price of $36.18 and a two-hundred day moving average price of $37.38.

Edgewell Personal Care Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Friday, September 2nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.46%. Edgewell Personal Care’s dividend payout ratio is 27.65%.

Institutional Trading of Edgewell Personal Care

Institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. lifted its holdings in Edgewell Personal Care by 42.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,895 shares of the company’s stock valued at $70,000 after buying an additional 563 shares during the period. Citigroup Inc. lifted its holdings in Edgewell Personal Care by 6.3% in the first quarter. Citigroup Inc. now owns 50,908 shares of the company’s stock valued at $1,867,000 after buying an additional 3,004 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Edgewell Personal Care by 75.3% in the first quarter. PNC Financial Services Group Inc. now owns 17,861 shares of the company’s stock valued at $655,000 after buying an additional 7,673 shares during the period. MetLife Investment Management LLC lifted its holdings in Edgewell Personal Care by 57.5% in the first quarter. MetLife Investment Management LLC now owns 29,956 shares of the company’s stock valued at $1,098,000 after buying an additional 10,939 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Edgewell Personal Care by 0.7% in the first quarter. Rhumbline Advisers now owns 159,605 shares of the company’s stock valued at $5,853,000 after buying an additional 1,141 shares during the period. Institutional investors own 91.06% of the company’s stock.

Analyst Upgrades and Downgrades

EPC has been the subject of several research analyst reports. TheStreet upgraded shares of Edgewell Personal Care from a “c+” rating to a “b” rating in a research report on Tuesday, May 10th. Barclays lowered their price objective on shares of Edgewell Personal Care from $34.00 to $29.00 in a research report on Thursday, May 12th. Finally, Wells Fargo & Company boosted their target price on shares of Edgewell Personal Care from $39.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Edgewell Personal Care has a consensus rating of “Hold” and an average target price of $43.83.

About Edgewell Personal Care

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Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.

Further Reading

Earnings History for Edgewell Personal Care (NYSE:EPC)

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