Edgewell Personal Care (NYSE:EPC) Issues Quarterly Earnings Results

Edgewell Personal Care (NYSE:EPC) issued its quarterly earnings data on Tuesday. The company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.17, Bloomberg Earnings reports. Edgewell Personal Care had a net margin of 3.67% and a return on equity of 10.94%. The firm had revenue of $609.20 million for the quarter, compared to analysts’ expectations of $610.26 million. During the same period in the prior year, the firm earned $0.91 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Edgewell Personal Care updated its FY 2019 guidance to $3.40-3.50 EPS and its FY19 guidance to $3.40-$3.50 EPS.

Shares of EPC stock opened at $31.14 on Wednesday. The company has a market cap of $1.64 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 3.63 and a beta of 0.83. The company has a quick ratio of 1.24, a current ratio of 2.01 and a debt-to-equity ratio of 0.74. The business’s 50-day moving average is $28.53. Edgewell Personal Care has a 52 week low of $26.36 and a 52 week high of $59.16.

In other Edgewell Personal Care news, Director R David Hoover acquired 15,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was acquired at an average price of $32.97 per share, for a total transaction of $494,550.00. Following the purchase, the director now directly owns 13,385 shares of the company’s stock, valued at $441,303.45. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Heinrich acquired 3,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was acquired at an average price of $32.55 per share, with a total value of $97,650.00. Following the purchase, the director now directly owns 7,530 shares in the company, valued at $245,101.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 33,300 shares of company stock valued at $1,079,832 in the last ninety days. 0.99% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Whittier Trust Co. acquired a new position in shares of Edgewell Personal Care in the 1st quarter valued at approximately $35,000. Quadrant Capital Group LLC raised its position in shares of Edgewell Personal Care by 1,539.2% in the 1st quarter. Quadrant Capital Group LLC now owns 1,295 shares of the company’s stock valued at $55,000 after buying an additional 1,216 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Edgewell Personal Care in the 1st quarter valued at approximately $131,000. NumerixS Investment Technologies Inc raised its position in shares of Edgewell Personal Care by 24.2% in the 1st quarter. NumerixS Investment Technologies Inc now owns 3,974 shares of the company’s stock valued at $174,000 after buying an additional 774 shares in the last quarter. Finally, Quantamental Technologies LLC raised its position in shares of Edgewell Personal Care by 15.0% in the 1st quarter. Quantamental Technologies LLC now owns 4,594 shares of the company’s stock valued at $202,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

A number of equities research analysts recently commented on EPC shares. Zacks Investment Research upgraded shares of Edgewell Personal Care from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $30.00 target price on shares of Edgewell Personal Care in a research report on Wednesday. SunTrust Banks raised shares of Edgewell Personal Care from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $40.00 in a research report on Monday, July 8th. Finally, ValuEngine downgraded shares of Edgewell Personal Care from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $44.36.

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.

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Earnings History for Edgewell Personal Care (NYSE:EPC)

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