Edgewell Personal Care Co (NYSE:EPC - Get Free Report)'s stock price gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $30.02, but opened at $26.91. Edgewell Personal Care shares last traded at $25.13, with a volume of 227,710 shares trading hands.
The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.03). The company had revenue of $580.70 million for the quarter, compared to analyst estimates of $591.01 million. Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. The firm's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 EPS.
Edgewell Personal Care Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 6th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, June 6th. Edgewell Personal Care's dividend payout ratio (DPR) is 32.79%.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday. UBS Group increased their target price on Edgewell Personal Care from $31.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Morgan Stanley decreased their target price on Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating on the stock in a report on Tuesday, February 11th. Canaccord Genuity Group decreased their target price on Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Royal Bank of Canada decreased their target price on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating on the stock in a report on Thursday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Edgewell Personal Care has a consensus rating of "Hold" and a consensus price target of $33.00.
View Our Latest Stock Analysis on EPC
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of EPC. Quadrant Capital Group LLC raised its position in Edgewell Personal Care by 85.9% in the 4th quarter. Quadrant Capital Group LLC now owns 751 shares of the company's stock valued at $25,000 after buying an additional 347 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Edgewell Personal Care by 238.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 975 shares of the company's stock worth $30,000 after acquiring an additional 687 shares during the period. R Squared Ltd bought a new position in shares of Edgewell Personal Care during the 4th quarter worth approximately $36,000. Wolverine Asset Management LLC boosted its stake in shares of Edgewell Personal Care by 217.4% during the 4th quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company's stock worth $39,000 after acquiring an additional 800 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in Edgewell Personal Care by 805.9% in 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. 91.91% of the stock is currently owned by institutional investors.
Edgewell Personal Care Price Performance
The company has a 50 day moving average of $30.03 and a 200-day moving average of $32.46. The firm has a market capitalization of $1.38 billion, a P/E ratio of 15.69 and a beta of 0.91. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96.
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.
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