Edgewell Personal Care Co (NYSE:EPC) Declares Quarterly Dividend of $0.15

Edgewell Personal Care Co (NYSE:EPC) declared a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Shareholders of record on Tuesday, December 3rd will be given a dividend of 0.15 per share on Wednesday, January 8th. This represents a $0.60 annualized dividend and a yield of 1.64%. The ex-dividend date is Tuesday, December 3rd.

Edgewell Personal Care has raised its dividend by an average of 58.7% per year over the last three years. Edgewell Personal Care has a payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Edgewell Personal Care to earn $3.40 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 17.6%.

Edgewell Personal Care Stock Down 0.3 %

EPC stock opened at $36.58 on Monday. Edgewell Personal Care has a one year low of $33.27 and a one year high of $41.50. The firm has a market cap of $1.78 billion, a PE ratio of 18.66 and a beta of 0.86. The firm’s 50 day moving average price is $35.43 and its 200-day moving average price is $37.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. The firm had revenue of $517.60 million for the quarter, compared to analyst estimates of $535.23 million. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. Edgewell Personal Care’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. On average, equities research analysts anticipate that Edgewell Personal Care will post 3.21 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on EPC. Barclays cut their target price on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Truist Financial lowered their target price on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. StockNews.com lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, UBS Group dropped their price objective on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.40.

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.