Edgewell Personal Care (NYSE:EPC) Shares Pass Below Fifty Day Moving Average - Here's What Happened

Key Points

• Edgewell Personal Care's shares have fallen below their **50-day moving average** of $22.84, trading at **$20.34** with a significant volume of **830,966 shares** on Tuesday.
• Analysts have revised their price targets for Edgewell, with Barclays lowering it from **$26.00 to $22.00**, while Canaccord Genuity cut theirs from **$35.00 to $32.00** but maintained a "buy" rating.
• The company reported a **quarterly loss** with an **EPS of $0.92**, missing estimates, and provided a **dividend of $0.15 per share**, reflecting a 2.9% yield.

Edgewell Personal Care Company (NYSE:EPC - Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $22.84 and traded as low as $19.84. Edgewell Personal Care shares last traded at $20.34, with a volume of 830,966 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EPC shares. Barclays dropped their price target on shares of Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Morgan Stanley raised shares of Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $26.00 to $23.00 in a research note on Wednesday, August 6th. Canaccord Genuity Group cut their target price on Edgewell Personal Care from $35.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Wells Fargo & Company reduced their target price on Edgewell Personal Care from $28.00 to $25.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Finally, Zacks Research lowered Edgewell Personal Care from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $28.29.

Edgewell Personal Care Price Performance

The company has a market cap of $945.08 million, a PE ratio of 15.07 and a beta of 0.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.77 and a quick ratio of 0.91. The company has a 50-day moving average price of $22.84 and a two-hundred day moving average price of $25.96.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.09). Edgewell Personal Care had a return on equity of 8.06% and a net margin of 2.94%.The company had revenue of $627.20 million for the quarter, compared to analyst estimates of $658.51 million. During the same period last year, the firm posted $1.22 earnings per share. The business's revenue was down 3.2% on a year-over-year basis. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. Sell-side analysts expect that Edgewell Personal Care Company will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Thursday, September 4th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.60 annualized dividend and a yield of 2.9%. Edgewell Personal Care's payout ratio is 44.44%.

Institutional Trading of Edgewell Personal Care

Several large investors have recently modified their holdings of EPC. Vanguard Group Inc. boosted its holdings in Edgewell Personal Care by 4.6% in the first quarter. Vanguard Group Inc. now owns 6,066,471 shares of the company's stock valued at $189,335,000 after purchasing an additional 266,611 shares during the last quarter. Brandes Investment Partners LP raised its position in shares of Edgewell Personal Care by 40.0% in the 2nd quarter. Brandes Investment Partners LP now owns 4,597,685 shares of the company's stock valued at $107,632,000 after purchasing an additional 1,313,248 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Edgewell Personal Care by 10.3% during the 2nd quarter. American Century Companies Inc. now owns 3,671,271 shares of the company's stock valued at $85,944,000 after buying an additional 341,831 shares during the last quarter. LSV Asset Management grew its position in shares of Edgewell Personal Care by 0.7% during the second quarter. LSV Asset Management now owns 1,345,054 shares of the company's stock worth $31,488,000 after buying an additional 9,170 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in shares of Edgewell Personal Care by 5.5% during the second quarter. Gamco Investors INC. ET AL now owns 969,969 shares of the company's stock worth $22,707,000 after buying an additional 50,632 shares in the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.

About Edgewell Personal Care

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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