Edgewell Personal Care (NYSE:EPC) Announces Quarterly Earnings Results

Key Points

• Edgewell Personal Care reported earnings of $0.92 per share for the quarter, falling short of analysts' expectations of $1.01, with revenues also below estimates at $627.20 million.
• Following the earnings announcement, shares of Edgewell Personal Care fell by 18.5%, reaching $20.37, significantly lower than its 50-day moving average of $25.40.
• The company declared a quarterly dividend of $0.15 per share, which translates to an annualized dividend of $0.60 and a yield of 2.9%.

Edgewell Personal Care (NYSE:EPC - Get Free Report) posted its earnings results on Tuesday. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.09), Zacks reports. The firm had revenue of $627.20 million during the quarter, compared to analyst estimates of $658.51 million. Edgewell Personal Care had a net margin of 3.81% and a return on equity of 9.20%. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company posted $1.22 EPS. Edgewell Personal Care updated its FY 2025 guidance to 2.650-2.650 EPS.

Edgewell Personal Care Trading Down 18.5%

Shares of Edgewell Personal Care stock traded down $4.63 during trading hours on Tuesday, reaching $20.37. The stock had a trading volume of 3,824,131 shares, compared to its average volume of 644,749. The firm has a 50 day simple moving average of $25.40 and a two-hundred day simple moving average of $28.62. The firm has a market capitalization of $958.10 million, a price-to-earnings ratio of 11.91 and a beta of 0.81. The company has a current ratio of 1.89, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95. Edgewell Personal Care has a 1 year low of $19.13 and a 1 year high of $40.71.

Edgewell Personal Care Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Friday, June 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, June 6th. Edgewell Personal Care's dividend payout ratio (DPR) is 35.09%.

Hedge Funds Weigh In On Edgewell Personal Care

A number of large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Edgewell Personal Care by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,564 shares of the company's stock worth $891,000 after purchasing an additional 931 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Edgewell Personal Care by 16.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 117,127 shares of the company's stock worth $3,656,000 after purchasing an additional 16,285 shares during the period. Jane Street Group LLC raised its holdings in shares of Edgewell Personal Care by 80.6% in the 1st quarter. Jane Street Group LLC now owns 81,179 shares of the company's stock worth $2,534,000 after purchasing an additional 36,239 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of Edgewell Personal Care in the 1st quarter worth about $2,655,000. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EPC has been the topic of a number of analyst reports. UBS Group increased their price objective on Edgewell Personal Care from $31.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Wells Fargo & Company decreased their price objective on Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Canaccord Genuity Group decreased their price objective on Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Barclays increased their price objective on Edgewell Personal Care from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen raised Edgewell Personal Care from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $33.14.

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.

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