Edgewell Personal Care Co. (EPC) Issues Earnings Results
Edgewell Personal Care Co. (NYSE:EPC) announced its quarterly earnings data on Thursday. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.10. The company had revenue of $610.60 million for the quarter, compared to analyst estimates of $572.35 million. Edgewell Personal Care had a positive return on equity of 10.27% and a negative net margin of 4.02%.
Shares of Edgewell Personal Care (NYSE:EPC) opened at 75.14 on Thursday. The firm’s market capitalization is $4.43 billion. The company’s 50 day moving average price is $76.91 and its 200-day moving average price is $79.78. Edgewell Personal Care has a 12 month low of $67.94 and a 12 month high of $88.00.
A number of brokerages have weighed in on EPC. Jefferies Group decreased their price objective on Edgewell Personal Care to $77.00 in a report on Wednesday, August 3rd. Citigroup Inc. reduced their price target on Edgewell Personal Care from $97.00 to $94.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $93.00 price target (up previously from $88.00) on shares of Edgewell Personal Care in a report on Friday, July 15th. FIX upgraded Edgewell Personal Care to a “positive” rating in a report on Wednesday, October 5th. Finally, Zacks Investment Research upgraded Edgewell Personal Care from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $85.88.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. raised its position in shares of Edgewell Personal Care by 43.9% in the second quarter. Sei Investments Co. now owns 1,514 shares of the company’s stock worth $128,000 after buying an additional 462 shares in the last quarter. Comerica Bank raised its stake in Edgewell Personal Care by 2.3% in the second quarter. Comerica Bank now owns 41,349 shares of the company’s stock valued at $3,347,000 after buying an additional 911 shares during the period. Public Sector Pension Investment Board purchased a new stake in Edgewell Personal Care during the second quarter valued at $988,000. GAM Holding AG raised its stake in Edgewell Personal Care by 52.6% in the second quarter. GAM Holding AG now owns 3,346 shares of the company’s stock valued at $282,000 after buying an additional 1,153 shares during the period. Finally, Employees Retirement System of Texas raised its stake in Edgewell Personal Care by 13.5% in the second quarter. Employees Retirement System of Texas now owns 84,000 shares of the company’s stock valued at $7,090,000 after buying an additional 10,000 shares during the period. 86.20% of the stock is currently owned by hedge funds and other institutional investors.
About Edgewell Personal Care
Edgewell Personal Care Company, formerly Energizer Holdings, Inc, manufactures and markets personal care products in the wet shave, sun and skin care, feminine care and infant care categories. The Company operates through four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other. The Company has a portfolio of over 25 brands.
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