Edgewell Personal Care (NYSE:EPC) Updates FY24 Earnings Guidance

Edgewell Personal Care (NYSE:EPC) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $3.00 for the period, compared to the consensus EPS estimate of $2.91. Edgewell Personal Care also updated its FY 2024 guidance to 3.000-3.000 EPS.

Edgewell Personal Care Price Performance

Shares of NYSE:EPC traded down $0.45 during midday trading on Wednesday, reaching $37.58. The company’s stock had a trading volume of 574,228 shares, compared to its average volume of 386,624. The business’s fifty day simple moving average is $39.45 and its 200-day simple moving average is $38.49. The company has a market capitalization of $1.86 billion, a P/E ratio of 15.51 and a beta of 0.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.84 and a quick ratio of 0.92. Edgewell Personal Care has a fifty-two week low of $33.71 and a fifty-two week high of $41.50.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.21. The business had revenue of $647.80 million for the quarter, compared to analyst estimates of $649.67 million. Edgewell Personal Care had a return on equity of 9.29% and a net margin of 5.40%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, equities research analysts expect that Edgewell Personal Care will post 2.92 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

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

Wall Street Analyst Weigh In

EPC has been the topic of a number of recent research reports. StockNews.com raised Edgewell Personal Care from a hold rating to a buy rating in a research report on Wednesday, July 31st. Canaccord Genuity Group increased their price target on Edgewell Personal Care from $52.00 to $53.00 and gave the company a buy rating in a research report on Thursday, May 9th. UBS Group dropped their price objective on Edgewell Personal Care from $42.00 to $40.00 and set a neutral rating on the stock in a research note on Wednesday. Finally, Barclays reduced their price target on Edgewell Personal Care from $41.00 to $40.00 and set an equal weight rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.