Edgewell Personal Care (NYSE:EPC) Releases Earnings Results, Beats Estimates By $0.16 EPS

Edgewell Personal Care (NYSE:EPC – Get Rating) released its earnings results on Thursday. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.16, Briefing.com reports. Edgewell Personal Care had a net margin of 5.61% and a return on equity of 10.06%. The firm had revenue of $623.80 million during the quarter, compared to the consensus estimate of $613.70 million. During the same period in the prior year, the firm earned $0.89 EPS. The company’s revenue was up 8.8% compared to the same quarter last year. Edgewell Personal Care updated its FY22 guidance to $2.50-2.60 EPS and its FY 2022 guidance to $2.50-$2.60 EPS.

Edgewell Personal Care Price Performance

NYSE EPC traded up $0.02 on Friday, hitting $41.02. The stock had a trading volume of 432,164 shares, compared to its average volume of 488,700. Edgewell Personal Care has a 52-week low of $32.00 and a 52-week high of $51.86. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.99 and a current ratio of 1.78. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 18.90 and a beta of 0.92. The firm has a 50-day moving average of $36.18 and a 200-day moving average of $37.38.

Edgewell Personal Care Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Friday, September 2nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, September 1st. Edgewell Personal Care’s dividend payout ratio is presently 27.65%.

Institutional Trading of Edgewell Personal Care

Institutional investors and hedge funds have recently bought and sold shares of the company. Bridgewater Associates LP lifted its stake in Edgewell Personal Care by 32.7% in the 1st quarter. Bridgewater Associates LP now owns 157,355 shares of the company’s stock worth $5,770,000 after purchasing an additional 38,808 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Edgewell Personal Care by 4.1% during the 1st quarter. Prudential Financial Inc. now owns 155,372 shares of the company’s stock valued at $5,697,000 after buying an additional 6,181 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Edgewell Personal Care by 1,902.4% during the 1st quarter. Allianz Asset Management GmbH now owns 125,030 shares of the company’s stock valued at $4,585,000 after buying an additional 118,786 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Edgewell Personal Care by 64.4% during the 1st quarter. Renaissance Technologies LLC now owns 55,400 shares of the company’s stock valued at $2,032,000 after buying an additional 21,700 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of Edgewell Personal Care by 6.3% during the 1st quarter. Citigroup Inc. now owns 50,908 shares of the company’s stock valued at $1,867,000 after buying an additional 3,004 shares in the last quarter. 91.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EPC shares. Barclays reduced their target price on shares of Edgewell Personal Care from $34.00 to $29.00 in a research report on Thursday, May 12th. TheStreet raised shares of Edgewell Personal Care from a “c+” rating to a “b” rating in a report on Tuesday, May 10th. Finally, Wells Fargo & Company raised their price objective on shares of Edgewell Personal Care from $39.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $43.83.

Edgewell Personal Care Company Profile

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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.