Edgewell Personal Care (EPC) Posts Quarterly Earnings Results, Misses Expectations By $0.37 EPS
Edgewell Personal Care (NYSE:EPC) released its quarterly earnings results on Thursday. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.37), Bloomberg Earnings reports. Edgewell Personal Care had a net margin of 0.25% and a return on equity of 12.54%. The business had revenue of $468.30 million for the quarter, compared to analysts’ expectations of $470.63 million. During the same period in the previous year, the company earned $0.66 EPS. Edgewell Personal Care’s revenue for the quarter was down 3.4% compared to the same quarter last year. Edgewell Personal Care updated its FY18 guidance to $3.90-4.10 EPS.
Shares of Edgewell Personal Care (NYSE EPC) traded down $3.64 during trading hours on Thursday, hitting $48.82. The company had a trading volume of 1,772,912 shares, compared to its average volume of 717,510. The company has a market cap of $2,906.22, a P/E ratio of 874.33, a PEG ratio of 2.95 and a beta of 0.74. The company has a current ratio of 2.26, a quick ratio of 1.63 and a debt-to-equity ratio of 0.88. Edgewell Personal Care has a 52 week low of $46.83 and a 52 week high of $82.06.
Several research firms have recently commented on EPC. Wells Fargo & Co reaffirmed a “hold” rating on shares of Edgewell Personal Care in a research report on Thursday. Zacks Investment Research lowered shares of Edgewell Personal Care from a “hold” rating to a “sell” rating in a research report on Monday. Bank of America lowered shares of Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 4th. KeyCorp reiterated a “hold” rating on shares of Edgewell Personal Care in a research note on Friday, November 24th. Finally, SunTrust Banks reiterated a “hold” rating and set a $65.00 price objective on shares of Edgewell Personal Care in a research note on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.83.
A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Edgewell Personal Care by 13.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,476,454 shares of the company’s stock worth $252,077,000 after purchasing an additional 419,403 shares during the period. Gamco Investors INC. ET AL boosted its stake in Edgewell Personal Care by 0.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 2,084,655 shares of the company’s stock worth $151,700,000 after purchasing an additional 7,050 shares during the period. Janus Henderson Group PLC boosted its stake in Edgewell Personal Care by 929.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,094,636 shares of the company’s stock worth $83,214,000 after purchasing an additional 988,336 shares during the period. FMR LLC boosted its stake in Edgewell Personal Care by 3.8% in the 2nd quarter. FMR LLC now owns 861,965 shares of the company’s stock worth $65,527,000 after purchasing an additional 31,900 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Edgewell Personal Care by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 598,912 shares of the company’s stock worth $43,582,000 after purchasing an additional 35,893 shares during the period. Institutional investors and hedge funds own 93.75% of the company’s stock.
Edgewell Personal Care declared that its Board of Directors has initiated a share buyback plan on Thursday, February 8th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management 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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