Edgewell Personal Care (EPC) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Edgewell Personal Care (NYSE:EPC) released its quarterly earnings results on Thursday. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.13, MarketWatch Earnings reports. Edgewell Personal Care had a net margin of 3.67% and a return on equity of 10.94%. The firm had revenue of $546.70 million during the quarter, compared to analyst estimates of $562.22 million. During the same quarter in the prior year, the firm earned $1.31 EPS. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. Edgewell Personal Care updated its FY 2019 guidance to $3.30-3.60 EPS and its FY19 guidance to $3.30-3.60 EPS.

NYSE EPC traded down $0.49 during trading on Friday, hitting $33.06. The company’s stock had a trading volume of 1,633,762 shares, compared to its average volume of 640,579. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.87 and a current ratio of 2.01. The company has a market cap of $1.82 billion, a PE ratio of 9.39, a P/E/G ratio of 3.69 and a beta of 0.66. Edgewell Personal Care has a fifty-two week low of $32.37 and a fifty-two week high of $59.16.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Whittier Trust Co. acquired a new position in Edgewell Personal Care in the first quarter valued at $35,000. CX Institutional bought a new position in shares of Edgewell Personal Care in the fourth quarter valued at approximately $42,000. Quadrant Capital Group LLC boosted its position in shares of Edgewell Personal Care by 1,539.2% in the first quarter. Quadrant Capital Group LLC now owns 1,295 shares of the company’s stock valued at $55,000 after acquiring an additional 1,216 shares during the period. Eukles Asset Management bought a new position in shares of Edgewell Personal Care in the fourth quarter valued at approximately $77,000. Finally, Strs Ohio boosted its position in shares of Edgewell Personal Care by 46.7% in the fourth quarter. Strs Ohio now owns 2,200 shares of the company’s stock valued at $82,000 after acquiring an additional 700 shares during the period. 96.99% of the stock is owned by institutional investors and hedge funds.



EPC has been the subject of several research reports. Zacks Investment Research raised shares of Edgewell Personal Care from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Jefferies Financial Group reiterated a “hold” rating and issued a $38.00 target price on shares of Edgewell Personal Care in a research note on Thursday, February 7th. Bank of America upgraded Edgewell Personal Care from an “underperform” rating to a “neutral” rating and set a $46.00 target price on the stock in a research note on Friday, February 8th. Barclays set a $37.00 target price on Edgewell Personal Care and gave the company a “sell” rating in a research note on Saturday, February 9th. Finally, ValuEngine upgraded Edgewell Personal Care from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 13th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Edgewell Personal Care presently has a consensus rating of “Hold” and a consensus target price of $44.91.

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Edgewell Personal Care Company Profile

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.

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Earnings History for Edgewell Personal Care (NYSE:EPC)

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