Edgewell Personal Care Co (NYSE:EPC) – Jefferies Group boosted their Q2 2018 EPS estimates for shares of Edgewell Personal Care in a research report issued on Thursday. Jefferies Group analyst K. Grundy now forecasts that the company will post earnings per share of $1.15 for the quarter, up from their previous estimate of $1.01. Jefferies Group currently has a “Hold” rating and a $78.00 target price on the stock. Jefferies Group also issued estimates for Edgewell Personal Care’s Q3 2018 earnings at $1.13 EPS, Q4 2018 earnings at $1.33 EPS, FY2018 earnings at $3.80 EPS, FY2019 earnings at $4.11 EPS and FY2020 earnings at $4.41 EPS.
Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.37). The business had revenue of $468.30 million during the quarter, compared to the consensus estimate of $470.63 million. Edgewell Personal Care had a positive return on equity of 11.24% and a negative net margin of 0.92%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 earnings per share.
Other analysts also recently issued reports about the stock. Citigroup lowered their price target on shares of Edgewell Personal Care from $87.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Royal Bank of Canada restated a “buy” rating and issued a $72.00 price objective on shares of Edgewell Personal Care in a research report on Friday. TheStreet cut shares of Edgewell Personal Care from a “c” rating to a “d+” rating in a research report on Thursday, November 9th. Morgan Stanley decreased their price objective on shares of Edgewell Personal Care from $80.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Friday, November 10th. Finally, KeyCorp restated a “hold” rating on shares of Edgewell Personal Care in a research report on Monday, October 16th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Edgewell Personal Care has a consensus rating of “Hold” and a consensus price target of $68.67.
Shares of Edgewell Personal Care (NYSE:EPC) opened at $50.98 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.65 and a quick ratio of 1.87. The firm has a market cap of $2,706.36, a price-to-earnings ratio of -127.45, a price-to-earnings-growth ratio of 2.79 and a beta of 0.74. Edgewell Personal Care has a one year low of $46.83 and a one year high of $82.06.
Institutional investors and hedge funds have recently made changes to their positions in the business. Ford Financial Group Inc. purchased a new stake in Edgewell Personal Care in the fourth quarter worth about $133,000. Robeco Institutional Asset Management B.V. grew its holdings in Edgewell Personal Care by 3,194.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,163 shares of the company’s stock worth $188,000 after purchasing an additional 3,067 shares during the period. State of Alaska Department of Revenue purchased a new stake in Edgewell Personal Care in the fourth quarter worth about $201,000. Magnetar Financial LLC purchased a new stake in Edgewell Personal Care in the third quarter worth about $208,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in Edgewell Personal Care in the third quarter worth about $211,000. Institutional investors and hedge funds own 93.07% of the company’s stock.
In related news, Director Daniel J. Heinrich purchased 1,000 shares of Edgewell Personal Care stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $50.59 per share, for a total transaction of $50,590.00. Following the completion of the transaction, the director now directly owns 4,530 shares of the company’s stock, valued at $229,172.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David P. Hatfield purchased 3,969 shares of Edgewell Personal Care stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $50.38 per share, for a total transaction of $199,958.22. Following the transaction, the chief executive officer now directly owns 18,619 shares of the company’s stock, valued at $938,025.22. The disclosure for this purchase can be found here. 0.97% of the stock is owned by insiders.
Edgewell Personal Care announced that its Board of Directors has authorized a share buyback program on Thursday, February 8th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.
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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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