Wall Street brokerages predict that Edgewell Personal Care Co (NYSE:EPC) will post sales of $619.11 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Edgewell Personal Care’s earnings, with the highest sales estimate coming in at $626.52 million and the lowest estimate coming in at $610.60 million. Edgewell Personal Care posted sales of $637.50 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 14th.
On average, analysts expect that Edgewell Personal Care will report full year sales of $2.27 billion for the current financial year, with estimates ranging from $2.26 billion to $2.29 billion. For the next fiscal year, analysts expect that the business will report sales of $2.26 billion per share, with estimates ranging from $2.26 billion to $2.27 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Edgewell Personal Care.
Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Thursday, May 3rd. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.13. Edgewell Personal Care had a negative net margin of 0.95% and a positive return on equity of 11.51%. The company had revenue of $608.10 million for the quarter, compared to the consensus estimate of $603.29 million. During the same period in the previous year, the firm earned $1.21 EPS. Edgewell Personal Care’s revenue was down .5% on a year-over-year basis.
A number of analysts have commented on the stock. Bank of America dropped their price target on shares of Edgewell Personal Care from $50.00 to $45.00 and set an “underperform” rating on the stock in a research report on Friday, May 4th. Morgan Stanley dropped their price target on shares of Edgewell Personal Care from $49.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, May 4th. Deutsche Bank dropped their target price on shares of Edgewell Personal Care from $48.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, May 4th. Citigroup dropped their target price on shares of Edgewell Personal Care from $61.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, May 4th. Finally, Barclays set a $38.00 target price on shares of Edgewell Personal Care and gave the stock a “sell” rating in a report on Thursday, May 3rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $61.18.
In other news, VP Anthony J. Bender purchased 1,050 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $50.00 per share, for a total transaction of $52,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R David Hoover purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average price of $52.94 per share, for a total transaction of $52,940.00. The disclosure for this purchase can be found here. 0.97% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB raised its holdings in shares of Edgewell Personal Care by 40.0% during the first quarter. Xact Kapitalforvaltning AB now owns 8,402 shares of the company’s stock valued at $410,000 after acquiring an additional 2,400 shares during the period. Royal Bank of Canada raised its holdings in shares of Edgewell Personal Care by 2.2% during the first quarter. Royal Bank of Canada now owns 134,764 shares of the company’s stock valued at $6,580,000 after acquiring an additional 2,961 shares during the period. Legion Partners Asset Management LLC acquired a new stake in shares of Edgewell Personal Care during the first quarter valued at approximately $37,144,000. Kiwi Wealth Investments Limited Partnership raised its holdings in shares of Edgewell Personal Care by 28.3% during the first quarter. Kiwi Wealth Investments Limited Partnership now owns 32,387 shares of the company’s stock valued at $1,581,000 after acquiring an additional 7,137 shares during the period. Finally, Freestone Capital Holdings LLC raised its holdings in shares of Edgewell Personal Care by 16.4% during the first quarter. Freestone Capital Holdings LLC now owns 8,972 shares of the company’s stock valued at $438,000 after acquiring an additional 1,263 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.
Shares of EPC stock traded up $0.44 during midday trading on Wednesday, reaching $44.34. 440,500 shares of the company were exchanged, compared to its average volume of 804,023. Edgewell Personal Care has a 12 month low of $39.50 and a 12 month high of $78.04. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 4.25 and a beta of 0.79. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.81.
Edgewell Personal Care announced that its board has approved a share repurchase program on Thursday, February 8th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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