Edgewell Personal Care (NYSE:EPC) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Edgewell Personal Care (NYSE:EPC) posted its quarterly earnings results on Wednesday. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.14, Briefing.com reports. The firm had revenue of $599.40 million during the quarter, compared to the consensus estimate of $606.74 million. Edgewell Personal Care had a return on equity of 8.38% and a net margin of 4.66%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. Edgewell Personal Care updated its FY 2024 guidance to 2.800-3.000 EPS.

Edgewell Personal Care Stock Performance

EPC traded up $0.19 on Friday, reaching $39.45. The company had a trading volume of 57,360 shares, compared to its average volume of 366,641. The company’s fifty day moving average is $37.38 and its 200 day moving average is $36.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.03 and a current ratio of 2.15. The stock has a market cap of $1.97 billion, a P/E ratio of 19.25 and a beta of 0.95. Edgewell Personal Care has a fifty-two week low of $33.71 and a fifty-two week high of $44.92.

Edgewell Personal Care Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 6th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Thursday, June 6th. Edgewell Personal Care’s payout ratio is 29.41%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. 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 report on Friday, April 12th. Wells Fargo & Company upped their target price on shares of Edgewell Personal Care from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Canaccord Genuity Group lifted 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $41.50.

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.