Analysts Expect Edgewell Personal Care Co (NYSE:EPC) Will Announce Quarterly Sales of $556.80 Million

Wall Street brokerages expect Edgewell Personal Care Co (NYSE:EPCGet Rating) to announce sales of $556.80 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Edgewell Personal Care’s earnings, with the lowest sales estimate coming in at $543.20 million and the highest estimate coming in at $567.00 million. Edgewell Personal Care posted sales of $519.30 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Edgewell Personal Care will report full-year sales of $2.18 billion for the current financial year, with estimates ranging from $2.11 billion to $2.24 billion. For the next financial year, analysts forecast that the firm will post sales of $2.23 billion, with estimates ranging from $2.12 billion to $2.33 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Edgewell Personal Care.

Edgewell Personal Care (NYSE:EPCGet Rating) last released its earnings results on Tuesday, February 8th. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The company had revenue of $463.30 million during the quarter, compared to analysts’ expectations of $467.41 million. Edgewell Personal Care had a return on equity of 10.90% and a net margin of 5.26%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS.

EPC has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Edgewell Personal Care from $55.00 to $47.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 9th. Barclays decreased their target price on shares of Edgewell Personal Care from $46.00 to $34.00 in a research note on Thursday, February 10th. Morgan Stanley decreased their target price on shares of Edgewell Personal Care from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 10th. Zacks Investment Research upgraded shares of Edgewell Personal Care from a “sell” rating to a “hold” rating in a research report on Thursday, April 7th. Finally, The Goldman Sachs Group reduced their price objective on shares of Edgewell Personal Care from $57.00 to $53.00 in a research report on Tuesday, March 29th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.67.

In other Edgewell Personal Care news, insider Eric F. O’toole sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $37.00, for a total value of $259,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.38% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CarsonAllaria Wealth Management Ltd. purchased a new position in Edgewell Personal Care in the fourth quarter valued at $26,000. Steward Financial Group LLC purchased a new position in shares of Edgewell Personal Care in the fourth quarter valued at approximately $28,000. First Horizon Advisors Inc. lifted its position in shares of Edgewell Personal Care by 24,200.0% in the third quarter. First Horizon Advisors Inc. now owns 486 shares of the company’s stock valued at $64,000 after acquiring an additional 484 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in Edgewell Personal Care during the fourth quarter worth approximately $64,000. Finally, Point72 Hong Kong Ltd purchased a new position in Edgewell Personal Care during the third quarter worth approximately $78,000. Institutional investors own 91.78% of the company’s stock.

Shares of NYSE EPC traded down $0.16 during trading on Tuesday, reaching $36.55. 340,224 shares of the company traded hands, compared to its average volume of 508,929. The firm has a 50 day simple moving average of $36.47 and a 200-day simple moving average of $40.46. The company has a quick ratio of 1.16, a current ratio of 2.00 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $1.98 billion, a PE ratio of 18.28 and a beta of 1.00. Edgewell Personal Care has a 52-week low of $33.80 and a 52-week high of $51.86.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Tuesday, March 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.64%. The ex-dividend date was Monday, March 7th. Edgewell Personal Care’s payout ratio is 30.00%.

About Edgewell Personal Care (Get Rating)

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.

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