Edgewell Personal Care (NYSE:EPC) Issues Quarterly Earnings Results

Edgewell Personal Care (NYSE:EPC) released its quarterly earnings data on Thursday. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12), FiscalAI reports. Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The company had revenue of $537.20 million for the quarter, compared to analysts’ expectations of $532.67 million. During the same quarter in the previous year, the business posted $0.72 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Edgewell Personal Care updated its FY 2026 guidance to 2.150-2.550 EPS.

Edgewell Personal Care Price Performance

Shares of EPC stock traded down $0.50 during mid-day trading on Thursday, hitting $18.41. 765,157 shares of the stock traded hands, compared to its average volume of 669,274. The firm has a market cap of $855.45 million, a price-to-earnings ratio of 13.71 and a beta of 0.81. Edgewell Personal Care has a twelve month low of $18.33 and a twelve month high of $38.44. The company’s 50-day simple moving average is $20.22 and its 200-day simple moving average is $23.72. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.77.

Analysts Set New Price Targets

EPC has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price objective on shares of Edgewell Personal Care from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Canaccord Genuity Group reduced their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Edgewell Personal Care in a research note on Wednesday, October 8th. Barclays decreased their price objective on shares of Edgewell Personal Care from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Finally, UBS Group dropped their target price on Edgewell Personal Care from $28.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Edgewell Personal Care by 3.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,564 shares of the company’s stock valued at $891,000 after buying an additional 931 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Edgewell Personal Care by 67.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,201 shares of the company’s stock worth $98,000 after purchasing an additional 1,692 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Edgewell Personal Care by 145.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,087 shares of the company’s stock valued at $189,000 after buying an additional 4,786 shares during the period. State of Wyoming bought a new stake in Edgewell Personal Care during the second quarter worth $175,000. Finally, Norges Bank bought a new stake in Edgewell Personal Care in the second quarter worth about $214,000. Institutional investors own 91.91% of the company’s stock.

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.