Edgewell Personal Care Co (NYSE:EPC) Announces $0.15 Quarterly Dividend

Edgewell Personal Care Co (NYSE:EPC - Get Free Report) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Thursday, June 6th will be paid a dividend of 0.15 per share on Tuesday, July 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, June 6th.

Edgewell Personal Care has raised its dividend by an average of 58.7% annually over the last three years. Edgewell Personal Care has a dividend payout ratio of 19.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Edgewell Personal Care to earn $3.05 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 19.7%.

Edgewell Personal Care Trading Up 1.1 %

Shares of EPC traded up $0.43 on Thursday, hitting $39.26. 582,804 shares of the stock traded hands, compared to its average volume of 370,313. The company has a quick ratio of 1.03, a current ratio of 2.15 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $1.96 billion, a P/E ratio of 19.06 and a beta of 0.95. The stock's 50 day moving average is $37.36 and its two-hundred day moving average is $36.76. Edgewell Personal Care has a 1 year low of $33.71 and a 1 year high of $46.13.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.14. The business had revenue of $599.40 million for the quarter, compared to the consensus estimate of $606.74 million. Edgewell Personal Care had a net margin of 4.66% and a return on equity of 8.38%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 earnings per share. As a group, sell-side analysts predict that Edgewell Personal Care will post 2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Edgewell Personal Care from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Thursday, February 8th. Barclays cut their price target on shares of Edgewell Personal Care from $39.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Friday, April 12th. Finally, Canaccord Genuity Group increased their price target on shares of Edgewell Personal Care from $52.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.50.

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.