FY2024 Earnings Forecast for Edgewell Personal Care Co (NYSE:EPC) Issued By Jefferies Financial Group

Edgewell Personal Care Co (NYSE:EPC – Get Rating) – Jefferies Financial Group decreased their FY2024 earnings per share estimates for shares of Edgewell Personal Care in a research note issued to investors on Tuesday, May 10th. Jefferies Financial Group analyst K. Grundy now expects that the company will earn $3.16 per share for the year, down from their prior estimate of $3.44.

Edgewell Personal Care (NYSE:EPC – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.06). Edgewell Personal Care had a return on equity of 10.06% and a net margin of 5.61%. The firm had revenue of $547.70 million for the quarter, compared to the consensus estimate of $564.13 million. During the same period in the prior year, the company earned $0.70 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year.

EPC has been the subject of several other research reports. The Goldman Sachs Group cut their price objective on shares of Edgewell Personal Care from $57.00 to $53.00 in a research report on Tuesday, March 29th. Zacks Investment Research raised shares of Edgewell Personal Care from a “sell” rating to a “hold” rating in a report on Thursday, April 7th. Morgan Stanley dropped their target price on shares of Edgewell Personal Care from $46.00 to $43.00 and set an “equal weight” rating for the company in a report on Thursday, February 10th. Wells Fargo & Company dropped their target price on shares of Edgewell Personal Care from $55.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, February 9th. Finally, TheStreet raised shares of Edgewell Personal Care from a “c+” rating to a “b” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Edgewell Personal Care currently has a consensus rating of “Hold” and an average price target of $45.57.

EPC traded up $0.41 on Friday, hitting $35.35. 1,989 shares of the stock were exchanged, compared to its average volume of 450,457. Edgewell Personal Care has a 12 month low of $32.00 and a 12 month high of $51.86. The business has a 50-day moving average of $36.94 and a two-hundred day moving average of $40.65. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 1.16. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 16.10 and a beta of 0.89.

Large investors have recently added to or reduced their stakes in the business. Profund Advisors LLC boosted its holdings in shares of Edgewell Personal Care by 4.2% during the fourth quarter. Profund Advisors LLC now owns 6,070 shares of the company’s stock worth $277,000 after purchasing an additional 247 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Edgewell Personal Care by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 14,204 shares of the company’s stock worth $649,000 after buying an additional 258 shares during the period. Miracle Mile Advisors LLC grew its position in shares of Edgewell Personal Care by 3.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 7,486 shares of the company’s stock worth $275,000 after buying an additional 268 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of Edgewell Personal Care by 1.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 21,673 shares of the company’s stock worth $991,000 after buying an additional 283 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Edgewell Personal Care by 0.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 44,241 shares of the company’s stock valued at $2,022,000 after acquiring an additional 299 shares in the last quarter. 91.06% of the stock is owned by institutional investors and hedge funds.

In other news, insider Eric F. O’toole sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $37.00, for a total value of $259,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.38% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 7th. Stockholders of record on Thursday, June 2nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, June 1st. Edgewell Personal Care’s dividend payout ratio is currently 27.65%.

Edgewell Personal Care Company Profile (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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