Edgewell Personal Care Co (NYSE:EPC) – Stock analysts at SunTrust Banks raised their FY2018 earnings per share (EPS) estimates for Edgewell Personal Care in a research note issued to investors on Thursday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings of $3.85 per share for the year, up from their prior estimate of $3.80. SunTrust Banks currently has a “Hold” rating and a $65.00 price target on the stock. SunTrust Banks also issued estimates for Edgewell Personal Care’s Q1 2019 earnings at $0.56 EPS, Q2 2019 earnings at $1.31 EPS, Q3 2019 earnings at $1.22 EPS, Q4 2019 earnings at $1.12 EPS and FY2019 earnings at $4.21 EPS.
EPC has been the topic of several other reports. Zacks Investment Research downgraded Edgewell Personal Care from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 14th. Bank of America downgraded Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 4th. TheStreet downgraded Edgewell Personal Care from a “c” rating to a “d+” rating in a research report on Thursday, November 9th. Jefferies Group reaffirmed a “hold” rating and set a $78.00 price target on shares of Edgewell Personal Care in a research report on Thursday, October 19th. Finally, Wells Fargo & Co initiated coverage on Edgewell Personal Care in a research report on Tuesday, December 19th. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $68.67.
Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.37). The company had revenue of $468.30 million for the quarter, compared to analyst estimates of $470.63 million. Edgewell Personal Care had a positive return on equity of 11.24% and a negative net margin of 0.92%. Edgewell Personal Care’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share.
Large investors have recently bought and sold shares of the company. Magnetar Financial LLC acquired a new stake in shares of Edgewell Personal Care during the 3rd quarter valued at about $208,000. Virginia Retirement Systems ET AL acquired a new stake in shares of Edgewell Personal Care during the 3rd quarter valued at about $211,000. Robeco Institutional Asset Management B.V. grew its position in shares of Edgewell Personal Care by 3,194.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,163 shares of the company’s stock valued at $188,000 after acquiring an additional 3,067 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Edgewell Personal Care during the 3rd quarter valued at about $233,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Edgewell Personal Care during the 4th quarter valued at about $201,000. Hedge funds and other institutional investors own 93.07% of the company’s stock.
Edgewell Personal Care announced that its board has approved a share buyback plan on Thursday, February 8th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
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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