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

Edgewell Personal Care Co (NYSE:EPC) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Shareholders of record on Wednesday, March 5th will be given a dividend of 0.15 per share on Wednesday, April 9th. This represents a $0.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Wednesday, March 5th.

Edgewell Personal Care has a dividend payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE:EPC traded down $0.03 during midday trading on Tuesday, hitting $28.57. 965,928 shares of the stock were exchanged, compared to its average volume of 546,090. Edgewell Personal Care has a twelve month low of $26.65 and a twelve month high of $41.50. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average price of $33.79 and a 200-day moving average price of $35.72. The stock has a market cap of $1.39 billion, a P/E ratio of 14.58 and a beta of 0.88.

Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Monday, February 10th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. On average, research analysts forecast that Edgewell Personal Care will post 3.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on EPC shares. Truist Financial lowered their target price on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. UBS Group dropped their price objective on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Canaccord Genuity Group cut their target price on shares of Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday. Barclays decreased their price target on shares of Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Morgan Stanley reduced their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.57.

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.