Edgewell Personal Care (NYSE:EPC) Announces Earnings Results, Beats Expectations By $0.14 EPS

Edgewell Personal Care (NYSE:EPC) issued its quarterly earnings results on Wednesday. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.14, Briefing.com reports. Edgewell Personal Care had a net margin of 4.66% and a return on equity of 8.38%. The business had revenue of $599.40 million for the quarter, compared to analysts’ expectations of $606.74 million. During the same period last year, the business earned $0.56 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. Edgewell Personal Care updated its FY 2024 guidance to 2.800-3.000 EPS.

Edgewell Personal Care Trading Up 1.1 %

Edgewell Personal Care stock traded up $0.43 during mid-day trading on Thursday, hitting $39.26. The company’s stock had a trading volume of 582,804 shares, compared to its average volume of 370,313. Edgewell Personal Care has a one year low of $33.71 and a one year high of $46.13. The company has a 50 day moving average of $37.36 and a 200-day moving average of $36.76. The stock has a market cap of $1.96 billion, a PE ratio of 19.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.03 and a current ratio of 2.15.

Edgewell Personal Care Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 6th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, June 6th. Edgewell Personal Care’s dividend payout ratio (DPR) is currently 29.41%.

Wall Street Analysts Forecast Growth

EPC has been the subject of several recent analyst reports. Canaccord Genuity Group boosted 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. Wells Fargo & Company raised their price target on shares of Edgewell Personal Care from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Barclays lowered their price objective on shares of Edgewell Personal Care from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.50.

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.