Edgewell Personal Care Co (NYSE:EPC – Get Rating) – Stock analysts at Jefferies Financial Group cut their Q2 2023 EPS estimates for shares of Edgewell Personal Care in a research note issued to investors on Wednesday, February 8th. Jefferies Financial Group analyst K. Grundy now forecasts that the company will post earnings per share of $0.32 for the quarter, down from their prior forecast of $0.37. The consensus estimate for Edgewell Personal Care’s current full-year earnings is $2.41 per share. Jefferies Financial Group also issued estimates for Edgewell Personal Care’s Q3 2023 earnings at $0.87 EPS and FY2023 earnings at $2.43 EPS.
Several other equities research analysts have also recently issued reports on EPC. Canaccord Genuity Group lifted their price objective on shares of Edgewell Personal Care from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Wells Fargo & Company lifted their price objective on shares of Edgewell Personal Care to $44.00 in a research report on Wednesday, November 16th. Royal Bank of Canada restated an “outperform” rating and issued a $53.00 price target on shares of Edgewell Personal Care in a research report on Thursday, February 9th. Barclays boosted their price target on shares of Edgewell Personal Care from $37.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, February 10th. Finally, The Goldman Sachs Group cut shares of Edgewell Personal Care from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $47.00 to $42.00 in a research report on Tuesday, October 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Edgewell Personal Care currently has an average rating of “Hold” and a consensus price target of $44.00.
Edgewell Personal Care Trading Down 1.7 %
Edgewell Personal Care stock opened at $43.81 on Monday. The stock has a market cap of $2.25 billion, a P/E ratio of 23.43 and a beta of 0.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.01 and a quick ratio of 0.93. Edgewell Personal Care has a 1 year low of $32.00 and a 1 year high of $45.31. The firm’s 50 day moving average price is $40.79 and its 200-day moving average price is $40.15.
Edgewell Personal Care (NYSE:EPC – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.10. The business had revenue of $469.10 million for the quarter, compared to the consensus estimate of $467.90 million. Edgewell Personal Care had a net margin of 4.56% and a return on equity of 8.78%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share.
Institutional Trading of Edgewell Personal Care
A number of hedge funds have recently added to or reduced their stakes in EPC. Advisor Group Holdings Inc. lifted its stake in Edgewell Personal Care by 42.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,895 shares of the company’s stock worth $70,000 after acquiring an additional 563 shares during the period. Citigroup Inc. raised its holdings in Edgewell Personal Care by 6.3% in the first quarter. Citigroup Inc. now owns 50,908 shares of the company’s stock worth $1,867,000 after purchasing an additional 3,004 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Edgewell Personal Care by 75.3% in the first quarter. PNC Financial Services Group Inc. now owns 17,861 shares of the company’s stock worth $655,000 after purchasing an additional 7,673 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Edgewell Personal Care by 57.5% in the first quarter. MetLife Investment Management LLC now owns 29,956 shares of the company’s stock worth $1,098,000 after purchasing an additional 10,939 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Edgewell Personal Care by 0.7% in the first quarter. Rhumbline Advisers now owns 159,605 shares of the company’s stock worth $5,853,000 after purchasing an additional 1,141 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, insider John N. Hill sold 1,250 shares of the business’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $41.61, for a total transaction of $52,012.50. Following the completion of the sale, the insider now directly owns 74,986 shares of the company’s stock, valued at $3,120,167.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.84% of the company’s stock.
Edgewell Personal Care Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, March 7th. Edgewell Personal Care’s dividend payout ratio (DPR) is 32.09%.
About Edgewell Personal Care
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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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