Zacks: Analysts Anticipate Edgewell Personal Care Co (NYSE:EPC) to Post $0.70 EPS

Equities research analysts predict that Edgewell Personal Care Co (NYSE:EPCGet Rating) will announce $0.70 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Edgewell Personal Care’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.76. Edgewell Personal Care reported earnings per share of $0.89 during the same quarter last year, which indicates a negative year over year growth rate of 21.3%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Edgewell Personal Care will report full-year earnings of $2.48 per share for the current financial year, with EPS estimates ranging from $2.38 to $2.52. For the next financial year, analysts forecast that the business will post earnings of $2.78 per share, with EPS estimates ranging from $2.52 to $2.97. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Edgewell Personal Care.

Edgewell Personal Care (NYSE:EPCGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). The business had revenue of $547.70 million for the quarter, compared to the consensus estimate of $564.13 million. Edgewell Personal Care had a return on equity of 10.06% and a net margin of 5.61%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share.

A number of research analysts have commented on the company. Wells Fargo & Company decreased their price objective on Edgewell Personal Care from $55.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 9th. Zacks Investment Research upgraded Edgewell Personal Care from a “sell” rating to a “hold” rating in a research report on Thursday, April 7th. The Goldman Sachs Group decreased their price objective on Edgewell Personal Care from $57.00 to $53.00 in a research report on Tuesday, March 29th. TheStreet upgraded Edgewell Personal Care from a “c+” rating to a “b” rating in a research report on Tuesday, May 10th. Finally, StockNews.com assumed coverage on Edgewell Personal Care in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.57.

NYSE EPC traded down $1.23 during trading hours on Friday, reaching $34.01. 450,642 shares of the company’s stock were exchanged, compared to its average volume of 553,376. The stock has a market cap of $1.80 billion, a PE ratio of 15.67 and a beta of 0.89. Edgewell Personal Care has a one year low of $32.00 and a one year high of $51.86. The firm has a fifty day moving average of $36.91 and a 200-day moving average of $40.57. The company has a current ratio of 1.78, a quick ratio of 0.99 and a debt-to-equity ratio of 0.93.

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, June 1st. Edgewell Personal Care’s dividend payout ratio (DPR) is currently 27.65%.

In other news, insider Eric F. O’toole sold 7,000 shares of the stock in a transaction 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 SEC, which is accessible through the SEC website. Corporate insiders own 1.38% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in Edgewell Personal Care during the 1st quarter worth $229,000. Clearline Capital LP raised its stake in Edgewell Personal Care by 25.2% during the 1st quarter. Clearline Capital LP now owns 281,494 shares of the company’s stock worth $10,322,000 after buying an additional 56,606 shares during the period. Woodline Partners LP raised its stake in Edgewell Personal Care by 29.8% during the 1st quarter. Woodline Partners LP now owns 748,258 shares of the company’s stock worth $27,439,000 after buying an additional 171,605 shares during the period. State Street Corp raised its stake in Edgewell Personal Care by 7.1% during the 1st quarter. State Street Corp now owns 2,029,304 shares of the company’s stock worth $74,702,000 after buying an additional 135,214 shares during the period. Finally, Vident Investment Advisory LLC increased its holdings in Edgewell Personal Care by 12.7% during the 1st quarter. Vident Investment Advisory LLC now owns 49,928 shares of the company’s stock worth $1,830,000 after purchasing an additional 5,629 shares in the last quarter. 91.06% of the stock is currently owned by institutional investors and hedge funds.

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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