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

Edgewell Personal Care (NYSE:EPC – Get Rating) announced its quarterly earnings data on Thursday. The company reported $0.86 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $0.89 EPS. The company’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 Stock Performance

Shares of Edgewell Personal Care stock traded up $0.02 on Friday, reaching $41.02. 432,164 shares of the company traded hands, 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. The firm has a market capitalization of $2.17 billion, a PE ratio of 18.90 and a beta of 0.92. The company has a 50 day moving average of $36.18 and a 200 day moving average of $37.38. Edgewell Personal Care has a 52 week low of $32.00 and a 52 week high of $51.86.

Edgewell Personal Care Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Barclays cut their target price on Edgewell Personal Care from $34.00 to $29.00 in a report on Thursday, May 12th. TheStreet upgraded Edgewell Personal Care from a “c+” rating to a “b” rating in a report on Tuesday, May 10th. Finally, Wells Fargo & Company increased their target price on Edgewell Personal Care from $39.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.83.

Hedge Funds Weigh In On Edgewell Personal Care

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Edgewell Personal Care by 2.5% in the first quarter. Vanguard Group Inc. now owns 6,216,241 shares of the company’s stock valued at $227,950,000 after purchasing an additional 153,278 shares during the period. Dimensional Fund Advisors LP grew its stake in Edgewell Personal Care by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,725,388 shares of the company’s stock valued at $99,940,000 after acquiring an additional 93,562 shares in the last quarter. State Street Corp grew its stake in Edgewell Personal Care by 7.1% during the first quarter. State Street Corp now owns 2,029,304 shares of the company’s stock valued at $74,702,000 after acquiring an additional 135,214 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Edgewell Personal Care by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 680,137 shares of the company’s stock valued at $24,941,000 after acquiring an additional 11,228 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Edgewell Personal Care by 8.1% during the first quarter. Sei Investments Co. now owns 307,781 shares of the company’s stock valued at $11,287,000 after acquiring an additional 23,170 shares in the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.

Edgewell Personal Care Company Profile

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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.