Brokerages Expect Edgewell Personal Care Co (EPC) to Post $1.20 Earnings Per Share

Analysts predict that Edgewell Personal Care Co (NYSE:EPC) will post earnings per share of $1.20 for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Edgewell Personal Care’s earnings. The highest EPS estimate is $1.26 and the lowest is $1.15. Edgewell Personal Care posted earnings per share of $1.21 during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.8%. The company is scheduled to report its next earnings results before the market opens on Tuesday, May 1st.

According to Zacks, analysts expect that Edgewell Personal Care will report full year earnings of $3.82 per share for the current year, with EPS estimates ranging from $3.70 to $3.92. For the next fiscal year, analysts forecast that the company will report earnings of $4.16 per share, with EPS estimates ranging from $3.99 to $4.45. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow Edgewell Personal Care.

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Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.37). Edgewell Personal Care had a negative net margin of 0.92% and a positive return on equity of 11.24%. The firm had revenue of $468.30 million during the quarter, compared to analysts’ expectations of $470.63 million. During the same quarter in the previous year, the company posted $0.66 EPS. Edgewell Personal Care’s revenue for the quarter was down 3.4% on a year-over-year basis.

EPC has been the topic of several research analyst reports. Bank of America downgraded Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 4th. Zacks Investment Research downgraded Edgewell Personal Care from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Wells Fargo initiated coverage on Edgewell Personal Care in a research note on Tuesday, December 19th. They issued a “market perform” rating on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $72.00 price objective on shares of Edgewell Personal Care in a research note on Friday, February 9th. Finally, Deutsche Bank dropped their price objective on Edgewell Personal Care from $65.00 to $53.00 and set a “hold” rating on the stock in a research note on Friday, February 9th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $67.64.

In other Edgewell Personal Care news, Director R David Hoover acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were bought at an average price of $52.94 per share, for a total transaction of $52,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Anthony J. Bender acquired 1,450 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $50.02 per share, for a total transaction of $72,529.00. Following the transaction, the vice president now directly owns 14,359 shares of the company’s stock, valued at approximately $718,237.18. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 10,021 shares of company stock worth $511,551. Company insiders own 0.97% of the company’s stock.

Several hedge funds have recently modified their holdings of EPC. TD Asset Management Inc. purchased a new stake in shares of Edgewell Personal Care in the third quarter worth $1,492,000. Legal & General Group Plc raised its position in shares of Edgewell Personal Care by 2.0% in the third quarter. Legal & General Group Plc now owns 247,243 shares of the company’s stock worth $17,992,000 after buying an additional 4,890 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new stake in shares of Edgewell Personal Care in the third quarter worth $211,000. Schwab Charles Investment Management Inc. raised its position in shares of Edgewell Personal Care by 5.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 296,658 shares of the company’s stock worth $21,588,000 after buying an additional 14,610 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Edgewell Personal Care by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 598,912 shares of the company’s stock worth $43,582,000 after buying an additional 35,893 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

Edgewell Personal Care stock traded down $0.14 during trading on Monday, hitting $47.54. The stock had a trading volume of 1,034,192 shares, compared to its average volume of 672,929. Edgewell Personal Care has a 1 year low of $46.04 and a 1 year high of $78.04. The company has a current ratio of 2.65, a quick ratio of 1.87 and a debt-to-equity ratio of 1.01. The company has a market cap of $2,574.61, a price-to-earnings ratio of 11.97, a PEG ratio of 3.48 and a beta of 0.77.

Edgewell Personal Care announced that its board has initiated a stock repurchase program on Thursday, February 8th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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About Edgewell Personal Care

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 and Estimates for Edgewell Personal Care (NYSE:EPC)

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