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

Edgewell Personal Care Co (NYSE:EPC) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Thursday, June 6th will be paid a dividend of 0.15 per share on Tuesday, July 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, June 6th.

Edgewell Personal Care has increased its dividend payment by an average of 58.7% per year over the last three years. Edgewell Personal Care has a dividend payout ratio of 19.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Edgewell Personal Care to earn $3.05 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 19.7%.

Edgewell Personal Care Stock Up 0.5 %

EPC stock traded up $0.19 during trading on Thursday, hitting $39.02. 372,819 shares of the company’s stock traded hands, compared to its average volume of 367,661. The firm has a market capitalization of $1.95 billion, a P/E ratio of 19.06 and a beta of 0.95. Edgewell Personal Care has a 1 year low of $33.71 and a 1 year high of $46.13. The company has a quick ratio of 1.03, a current ratio of 2.15 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $37.36 and a two-hundred day simple moving average of $36.76.

Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Wednesday, May 8th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.14. Edgewell Personal Care had a net margin of 4.66% and a return on equity of 8.38%. The company had revenue of $599.40 million during the quarter, compared to the consensus estimate of $606.74 million. During the same period last year, the firm earned $0.56 earnings per share. Edgewell Personal Care’s revenue was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Edgewell Personal Care will post 2.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EPC. Canaccord Genuity Group upped their target price on Edgewell Personal Care from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays lowered their target price on Edgewell Personal Care from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, April 12th. Finally, Wells Fargo & Company upped their target price on Edgewell Personal Care from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $41.50.

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.