Edgewell Personal Care (NYSE:EPC) Posts Quarterly Earnings Results

Edgewell Personal Care (NYSE:EPC) announced its quarterly earnings data on Tuesday. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.21, Briefing.com reports. Edgewell Personal Care had a net margin of 5.40% and a return on equity of 9.29%. The firm had revenue of $647.80 million during the quarter, compared to analyst estimates of $649.67 million. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 EPS. 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 Performance

EPC stock traded down $0.45 on Wednesday, hitting $37.58. The company had a trading volume of 574,228 shares, compared to its average volume of 386,624. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.87. Edgewell Personal Care has a 12-month low of $33.71 and a 12-month high of $41.50. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 15.72 and a beta of 0.88. The stock’s 50-day simple moving average is $39.47 and its 200 day simple moving average is $38.48.

Edgewell Personal Care Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, September 4th. Edgewell Personal Care’s dividend payout ratio is currently 25.10%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EPC shares. Barclays cut their price target on shares of Edgewell Personal Care from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday. StockNews.com upgraded Edgewell Personal Care from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Canaccord Genuity Group upped their price target on Edgewell Personal Care from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, UBS Group cut their target price on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Edgewell Personal Care has a consensus rating of “Hold” and an average target price of $41.80.

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.