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

Edgewell Personal Care (NYSE:EPC) issued its earnings results on Wednesday. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.14, Briefing.com reports. The business had revenue of $599.40 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 EPS. Edgewell Personal Care updated its FY 2024 guidance to 2.800-3.000 EPS.

Edgewell Personal Care Stock Up 1.1 %

Shares of NYSE EPC traded up $0.43 during mid-day trading on Thursday, hitting $39.26. The company had a trading volume of 582,804 shares, compared to its average volume of 370,313. The company has a market capitalization of $1.96 billion, a PE ratio of 19.06 and a beta of 0.95. Edgewell Personal Care has a one year low of $33.71 and a one year high of $46.13. The firm has a 50-day simple moving average of $37.36 and a two-hundred day simple moving average of $36.76. The company has a current ratio of 2.15, a quick ratio of 1.03 and a debt-to-equity ratio of 0.94.

Edgewell Personal Care Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 6th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. Edgewell Personal Care’s payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

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