Zacks: Analysts Expect Edgewell Personal Care Co (NYSE:EPC) Will Post Quarterly Sales of $522.13 Million

Wall Street analysts expect Edgewell Personal Care Co (NYSE:EPC) to post sales of $522.13 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Edgewell Personal Care’s earnings, with estimates ranging from $517.80 million to $526.90 million. Edgewell Personal Care reported sales of $488.80 million in the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The business is expected to issue its next quarterly earnings results on Thursday, November 11th.

According to Zacks, analysts expect that Edgewell Personal Care will report full year sales of $2.06 billion for the current financial year, with estimates ranging from $2.04 billion to $2.07 billion. For the next year, analysts forecast that the business will post sales of $2.09 billion, with estimates ranging from $2.04 billion to $2.14 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Edgewell Personal Care.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings data on Thursday, August 5th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.09. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.62%. The firm had revenue of $573.40 million during the quarter, compared to the consensus estimate of $543.56 million. During the same quarter in the previous year, the company posted $0.66 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year.

Several analysts have recently commented on the company. Royal Bank of Canada raised their target price on Edgewell Personal Care from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. Raymond James assumed coverage on shares of Edgewell Personal Care in a research report on Tuesday, July 13th. They issued a “market perform” rating on the stock. Wells Fargo & Company decreased their price objective on shares of Edgewell Personal Care from $39.00 to $37.00 and set an “underweight” rating for the company in a report on Tuesday. Zacks Investment Research lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Monday, July 5th. Finally, TheStreet upgraded shares of Edgewell Personal Care from a “c+” rating to a “b-” rating in a report on Friday, August 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.17.

Shares of Edgewell Personal Care stock traded up $0.05 on Friday, hitting $37.46. The stock had a trading volume of 719,476 shares, compared to its average volume of 572,479. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 22.02 and a beta of 1.00. Edgewell Personal Care has a twelve month low of $25.50 and a twelve month high of $46.44. The company has a quick ratio of 1.36, a current ratio of 2.01 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $41.07 and its two-hundred day moving average is $41.54.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 5th. Investors of record on Thursday, September 9th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 8th. This represents a $0.60 annualized dividend and a yield of 1.60%. Edgewell Personal Care’s payout ratio is presently 21.98%.

A number of institutional investors have recently added to or reduced their stakes in EPC. Eudaimonia Partners LLC bought a new position in shares of Edgewell Personal Care during the first quarter valued at about $40,000. Advisory Services Network LLC purchased a new stake in shares of Edgewell Personal Care during the second quarter worth $53,000. Parkside Financial Bank & Trust boosted its stake in Edgewell Personal Care by 20.2% during the first quarter. Parkside Financial Bank & Trust now owns 1,683 shares of the company’s stock worth $67,000 after buying an additional 283 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Edgewell Personal Care during the second quarter worth about $79,000. Finally, William Blair Investment Management LLC acquired a new stake in Edgewell Personal Care in the second quarter valued at $92,000. Institutional investors and hedge funds own 95.06% of the company’s stock.

About Edgewell Personal Care

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 and Estimates for Edgewell Personal Care (NYSE:EPC)

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