Edgewell Personal Care (NYSE:EPC - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.74 by $0.14, Briefing.com reports. The business had revenue of $599.40 million during the quarter, compared to analysts' expectations of $606.74 million. Edgewell Personal Care had a return on equity of 8.38% and a net margin of 4.66%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 earnings per share. Edgewell Personal Care updated its FY 2024 guidance to 2.800-3.000 EPS.
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 firm has a market capitalization of $1.96 billion, a P/E ratio of 19.06 and a beta of 0.95. The company has a quick ratio of 1.03, a current ratio of 2.15 and a debt-to-equity ratio of 0.94. Edgewell Personal Care has a 1 year low of $33.71 and a 1 year high of $46.13. The stock's 50 day moving average is $37.36 and its two-hundred day moving average is $36.76.
Edgewell Personal Care Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. Edgewell Personal Care's dividend payout ratio is currently 29.41%.
Wall Street Analyst Weigh In
EPC has been the topic of a number of recent analyst reports. Barclays dropped 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. Canaccord Genuity Group upped their price target on Edgewell Personal Care from $52.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Wells Fargo & Company raised their price target on Edgewell Personal Care from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $41.50.
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About Edgewell Personal Care
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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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