SunTrust Banks Research Analysts Cut Earnings Estimates for Edgewell Personal Care Co. (EPC)
Edgewell Personal Care Co. (NYSE:EPC) – Analysts at SunTrust Banks lowered their Q1 2017 earnings estimates for Edgewell Personal Care in a research report issued to clients and investors on Thursday. SunTrust Banks analyst W. Chappell now expects that the brokerage will post earnings per share of $0.64 for the quarter, down from their prior forecast of $0.68. SunTrust Banks also issued estimates for Edgewell Personal Care’s Q2 2017 earnings at $1.29 EPS, Q3 2017 earnings at $0.79 EPS, Q4 2017 earnings at $1.17 EPS, FY2017 earnings at $3.90 EPS, Q1 2018 earnings at $0.75 EPS, Q2 2018 earnings at $1.39 EPS, Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $1.26 EPS and FY2018 earnings at $4.28 EPS.
A number of other equities research analysts have also weighed in on the stock. Jefferies Group restated a “hold” rating and issued a $79.00 target price (up previously from $75.00) on shares of Edgewell Personal Care in a report on Friday. FIX upgraded shares of Edgewell Personal Care to a “positive” rating in a report on Wednesday, October 5th. Bank of America Corp. lowered shares of Edgewell Personal Care from a “buy” rating to a “neutral” rating and set a $84.00 target price on the stock. in a report on Monday, September 12th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Edgewell Personal Care from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, Citigroup Inc. reduced their price objective on shares of Edgewell Personal Care from $97.00 to $94.00 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $86.38.
Shares of Edgewell Personal Care (NYSE:EPC) opened at 81.31 on Friday. The firm’s market capitalization is $4.79 billion. The firm’s 50-day moving average is $77.12 and its 200 day moving average is $79.77. Edgewell Personal Care has a 12 month low of $67.94 and a 12 month high of $88.00.
Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings data on Thursday, November 10th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.10. The firm earned $610.60 million during the quarter, compared to the consensus estimate of $572.35 million. Edgewell Personal Care had a net margin of 7.57% and a return on equity of 11.57%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.64 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning increased its position in Edgewell Personal Care by 13.5% in the second quarter. Creative Planning now owns 1,938 shares of the company’s stock worth $164,000 after buying an additional 230 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Edgewell Personal Care by 5.9% in the second quarter. BNP Paribas Arbitrage SA now owns 25,829 shares of the company’s stock valued at $2,180,000 after buying an additional 1,448 shares during the period. Boothbay Fund Management LLC increased its position in Edgewell Personal Care by 10.4% in the first quarter. Boothbay Fund Management LLC now owns 3,169 shares of the company’s stock valued at $255,000 after buying an additional 299 shares during the period. Squarepoint Ops LLC increased its position in Edgewell Personal Care by 328.0% in the first quarter. Squarepoint Ops LLC now owns 16,364 shares of the company’s stock valued at $1,318,000 after buying an additional 12,541 shares during the period. Finally, Babson Capital Management LLC acquired a new position in Edgewell Personal Care during the first quarter valued at approximately $506,000. 86.20% of the stock is owned by hedge funds and other institutional investors.
Edgewell Personal Care Company Profile
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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