Edgewell Personal Care (NYSE:EPC) Releases Earnings Results, Beats Expectations By $0.21 EPS

Edgewell Personal Care (NYSE:EPC) announced its quarterly earnings data on Tuesday. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.21, Briefing.com reports. Edgewell Personal Care had a return on equity of 9.29% and a net margin of 5.40%. The company had revenue of $647.80 million for the quarter, compared to analysts’ expectations of $649.67 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Edgewell Personal Care’s revenue was down .3% compared to the same quarter last year. Edgewell Personal Care updated its FY24 guidance to $3.00 EPS and its FY 2024 guidance to 3.000-3.000 EPS.

Edgewell Personal Care Stock Down 0.2 %

Shares of Edgewell Personal Care stock traded down $0.07 on Thursday, reaching $37.50. The stock had a trading volume of 59,678 shares, compared to its average volume of 384,448. Edgewell Personal Care has a 1 year low of $33.71 and a 1 year high of $41.50. The company has a 50 day moving average price of $39.47 and a 200 day moving average price of $38.48. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $1.86 billion, a P/E ratio of 15.72 and a beta of 0.88.

Edgewell Personal Care Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 4th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Wednesday, September 4th. Edgewell Personal Care’s dividend payout ratio is currently 25.10%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Canaccord Genuity Group raised their price target on Edgewell Personal Care from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. StockNews.com lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Thursday. Barclays dropped their price objective on shares of Edgewell Personal Care from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, UBS Group cut their price objective on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Edgewell Personal Care currently has a consensus rating of “Hold” and an average price target of $41.80.

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.