Edgewell Personal Care Co (NYSE:EPC) Declares Quarterly Dividend of $0.15

Edgewell Personal Care Co (NYSE:EPC) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Thursday, June 6th will be given a dividend of 0.15 per share on Tuesday, July 9th. This represents a $0.60 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, June 6th.

Edgewell Personal Care has increased its dividend payment by an average of 58.7% per year over the last three years. Edgewell Personal Care has a payout ratio of 19.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Edgewell Personal Care to earn $3.05 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 19.7%.

Edgewell Personal Care Trading Up 0.1 %

Shares of EPC stock traded up $0.05 on Thursday, reaching $38.88. 274,780 shares of the stock were exchanged, compared to its average volume of 366,828. The stock has a market cap of $1.94 billion, a P/E ratio of 19.17 and a beta of 0.95. Edgewell Personal Care has a 1-year low of $33.71 and a 1-year high of $46.13. The company has a quick ratio of 1.03, a current ratio of 2.15 and a debt-to-equity ratio of 0.94. The firm has a 50 day moving average of $37.36 and a two-hundred day moving average of $36.76.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.74 by $0.14. The business had revenue of $599.40 million for the quarter, compared to analysts’ expectations of $606.74 million. Edgewell Personal Care had a net margin of 4.66% and a return on equity of 8.38%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. On average, research analysts anticipate that Edgewell Personal Care will post 2.8 EPS for the current year.

Wall Street Analysts Forecast Growth

EPC has been the topic of a number of analyst reports. Barclays lowered their price objective on Edgewell Personal Care from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, April 12th. Wells Fargo & Company lifted their target price on shares of Edgewell Personal Care from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th.

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.