Edgewell Personal Care (NYSE:EPC) Reaches New 1-Year Low After Earnings Miss

Key Points

• Edgewell Personal Care's stock hit a new 52-week low of $19.13 after reporting weaker than expected quarterly earnings, with an EPS of $0.92 against estimates of $1.01.
• The company's revenue of $627.20 million missed analyst expectations of $658.51 million, reflecting a 3.2% decline year-over-year.
• Despite the earnings miss, several analysts have offered mixed ratings on the stock, with a consensus rating of "Hold" and a target price of $33.14.

Edgewell Personal Care Company (NYSE:EPC - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $19.13 and last traded at $20.37, with a volume of 3824594 shares traded. The stock had previously closed at $25.00.

The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.09). The business had revenue of $627.20 million during the quarter, compared to analysts' expectations of $658.51 million. Edgewell Personal Care had a net margin of 3.81% and a return on equity of 9.20%. The company's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 EPS.

Edgewell Personal Care Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EPC shares. UBS Group lifted their target price on Edgewell Personal Care from $31.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Wall Street Zen upgraded Edgewell Personal Care from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Canaccord Genuity Group decreased their target price on Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Barclays lifted their target price on Edgewell Personal Care from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada decreased their target price on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $33.14.

Institutional Trading of Edgewell Personal Care

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of Edgewell Personal Care by 4,732.4% in the 1st quarter. GAMMA Investing LLC now owns 23,002 shares of the company's stock worth $737,000 after purchasing an additional 22,526 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Edgewell Personal Care by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,986 shares of the company's stock valued at $561,000 after acquiring an additional 517 shares in the last quarter. Blue Trust Inc. raised its stake in Edgewell Personal Care by 35.3% during the 1st quarter. Blue Trust Inc. now owns 3,100 shares of the company's stock valued at $97,000 after acquiring an additional 809 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Edgewell Personal Care by 2.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,633 shares of the company's stock valued at $928,000 after acquiring an additional 702 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Edgewell Personal Care by 71.3% during the 4th quarter. LPL Financial LLC now owns 12,057 shares of the company's stock valued at $405,000 after acquiring an additional 5,019 shares in the last quarter. Institutional investors own 91.91% of the company's stock.

Edgewell Personal Care Stock Down 18.5%

The firm has a 50 day simple moving average of $25.25 and a two-hundred day simple moving average of $28.56. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 1.89. The stock has a market cap of $958.10 million, a P/E ratio of 11.91 and a beta of 0.81.

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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