Edgewell Personal Care Company (NYSE:EPC) to Issue Quarterly Dividend of $0.15

Key Points

• Edgewell Personal Care Company announced a quarterly dividend of $0.15 per share, with an annualized dividend yield of 2.8%. The ex-dividend date is set for September 4th.
• The company reported a net margin of 3.81% and a revenue decline of 3.2% year-over-year, with earnings per share (EPS) of $0.92, missing estimates of $1.01.
• Edgewell has a dividend payout ratio of 19.6%, indicating that its dividends are well-covered by earnings, suggesting sustainability in future payouts.

Edgewell Personal Care Company (NYSE:EPC - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Shareholders of record on Thursday, September 4th will be paid a dividend of 0.15 per share on Wednesday, October 8th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, September 4th.

Edgewell Personal Care has a payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Edgewell Personal Care to earn $3.38 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 17.8%.

Edgewell Personal Care Stock Down 0.4%

NYSE EPC traded down $0.09 during mid-day trading on Friday, reaching $22.02. 740,884 shares of the company's stock traded hands, compared to its average volume of 984,240. Edgewell Personal Care has a 1-year low of $19.13 and a 1-year high of $40.71. The company has a fifty day simple moving average of $24.91 and a 200-day simple moving average of $28.28. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 16.31 and a beta of 0.81.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.09). Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The business had revenue of $627.20 million for the quarter, compared to analyst estimates of $658.51 million. During the same quarter last year, the business earned $1.22 EPS. Edgewell Personal Care's revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, equities research analysts expect that Edgewell Personal Care will post 3.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its position in Edgewell Personal Care by 85.9% during the 4th quarter. Quadrant Capital Group LLC now owns 751 shares of the company's stock valued at $25,000 after purchasing an additional 347 shares during the period. PNC Financial Services Group Inc. boosted its position in Edgewell Personal Care by 238.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 975 shares of the company's stock valued at $30,000 after purchasing an additional 687 shares during the period. Sterling Capital Management LLC boosted its position in Edgewell Personal Care by 805.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,531 shares of the company's stock valued at $51,000 after purchasing an additional 1,362 shares during the period. First Horizon Advisors Inc. boosted its position in Edgewell Personal Care by 195.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,837 shares of the company's stock valued at $43,000 after purchasing an additional 1,215 shares during the period. Finally, GAMMA Investing LLC boosted its position in Edgewell Personal Care by 167.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,968 shares of the company's stock valued at $46,000 after purchasing an additional 1,231 shares during the period. Institutional investors and hedge funds own 91.91% of the company's stock.

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.