Edgewell Personal Care Co (NYSE:EPC) Expected to Announce Earnings of $0.84 Per Share

Brokerages forecast that Edgewell Personal Care Co (NYSE:EPC) will post earnings of $0.84 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Edgewell Personal Care’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.85. Edgewell Personal Care posted earnings of $1.11 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 24.3%. The firm is scheduled to report its next earnings report on Tuesday, November 12th.

According to Zacks, analysts expect that Edgewell Personal Care will report full year earnings of $3.47 per share for the current year, with EPS estimates ranging from $3.44 to $3.48. For the next year, analysts forecast that the firm will report earnings of $3.44 per share, with EPS estimates ranging from $2.90 to $3.82. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Edgewell Personal Care.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.17. The company had revenue of $609.20 million during the quarter, compared to analysts’ expectations of $610.26 million. Edgewell Personal Care had a positive return on equity of 12.23% and a negative net margin of 17.40%. Edgewell Personal Care’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS.

Several brokerages have recently weighed in on EPC. Wells Fargo & Co restated a “hold” rating and issued a $30.00 price objective on shares of Edgewell Personal Care in a report on Wednesday, August 7th. TheStreet downgraded shares of Edgewell Personal Care from a “c” rating to a “d” rating in a research note on Wednesday, August 7th. Royal Bank of Canada set a $50.00 target price on shares of Edgewell Personal Care and gave the company a “buy” rating in a research note on Wednesday, August 7th. ValuEngine upgraded shares of Edgewell Personal Care from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Barclays reiterated a “sell” rating and issued a $27.00 target price on shares of Edgewell Personal Care in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $38.64.

In related news, insider John N. Hill acquired 7,000 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was purchased at an average cost of $28.18 per share, for a total transaction of $197,260.00. Following the completion of the transaction, the insider now directly owns 29,808 shares of the company’s stock, valued at approximately $839,989.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director R David Hoover acquired 4,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average price of $31.40 per share, with a total value of $125,600.00. Following the completion of the transaction, the director now directly owns 25,885 shares of the company’s stock, valued at $812,789. The disclosure for this purchase can be found here. Company insiders own 0.99% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. First Trust Advisors LP purchased a new position in Edgewell Personal Care during the first quarter worth about $2,369,000. WINTON GROUP Ltd lifted its position in Edgewell Personal Care by 1,787.8% during the second quarter. WINTON GROUP Ltd now owns 241,303 shares of the company’s stock worth $6,503,000 after buying an additional 228,521 shares during the period. Harbour Capital Advisors LLC purchased a new position in Edgewell Personal Care during the second quarter worth about $220,000. 6 Meridian lifted its position in Edgewell Personal Care by 3.5% during the second quarter. 6 Meridian now owns 12,614 shares of the company’s stock worth $340,000 after buying an additional 427 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in Edgewell Personal Care by 1.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 21,914 shares of the company’s stock worth $591,000 after buying an additional 409 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Shares of NYSE EPC traded up $0.17 during mid-day trading on Friday, hitting $32.53. The company had a trading volume of 211,957 shares, compared to its average volume of 429,913. The company has a market capitalization of $1.75 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 3.67 and a beta of 0.86. The firm has a 50-day simple moving average of $31.27 and a two-hundred day simple moving average of $32.54. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81. Edgewell Personal Care has a one year low of $26.36 and a one year high of $48.74.

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 and Estimates for Edgewell Personal Care (NYSE:EPC)

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