Q2 2018 Earnings Estimate for Edgewell Personal Care Co (EPC) Issued By Jefferies Group

Edgewell Personal Care Co (NYSE:EPC) – Stock analysts at Jefferies Group raised their Q2 2018 earnings per share estimates for Edgewell Personal Care in a research report issued to clients and investors on Thursday. Jefferies Group analyst K. Grundy now anticipates that the company will post earnings per share of $1.15 for the quarter, up from their previous estimate of $1.01. Jefferies Group currently has a “Hold” rating and a $78.00 price target on the stock. Jefferies Group also issued estimates for Edgewell Personal Care’s Q3 2018 earnings at $1.13 EPS, Q4 2018 earnings at $1.33 EPS, FY2018 earnings at $3.80 EPS, FY2019 earnings at $4.11 EPS and FY2020 earnings at $4.41 EPS.

EPC has been the subject of a number of other reports. Wells Fargo & Co reaffirmed a “hold” rating on shares of Edgewell Personal Care in a research note on Thursday. Zacks Investment Research downgraded shares of Edgewell Personal Care from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Deutsche Bank dropped their target price on shares of Edgewell Personal Care from $65.00 to $53.00 and set a “hold” rating for the company in a research note on Friday. Barclays set a $47.00 target price on shares of Edgewell Personal Care and gave the stock a “sell” rating in a research note on Saturday. Finally, KeyCorp reaffirmed a “hold” rating on shares of Edgewell Personal Care in a research note on Monday, October 16th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $68.67.

Edgewell Personal Care (NYSE:EPC) opened at $50.12 on Monday. Edgewell Personal Care has a 12 month low of $46.83 and a 12 month high of $82.06. The firm has a market cap of $2,706.38, a PE ratio of -125.30, a price-to-earnings-growth ratio of 2.77 and a beta of 0.74. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.65 and a quick ratio of 1.63.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.37). Edgewell Personal Care had a negative net margin of 0.92% and a positive return on equity of 11.24%. The firm had revenue of $468.30 million for the quarter, compared to the consensus estimate of $470.63 million. During the same period in the prior year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis.

Large investors have recently modified their holdings of the company. Caxton Associates LP acquired a new stake in shares of Edgewell Personal Care during the 3rd quarter worth approximately $1,819,000. Sei Investments Co. grew its position in shares of Edgewell Personal Care by 9.6% during the 3rd quarter. Sei Investments Co. now owns 20,464 shares of the company’s stock worth $1,489,000 after buying an additional 1,785 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Edgewell Personal Care by 110.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 43,629 shares of the company’s stock worth $3,175,000 after buying an additional 22,936 shares during the period. Jane Street Group LLC grew its position in shares of Edgewell Personal Care by 146.0% during the 3rd quarter. Jane Street Group LLC now owns 6,896 shares of the company’s stock worth $502,000 after buying an additional 21,896 shares during the period. Finally, State of Wisconsin Investment Board grew its position in shares of Edgewell Personal Care by 8.8% during the 3rd quarter. State of Wisconsin Investment Board now owns 79,561 shares of the company’s stock worth $5,790,000 after buying an additional 6,442 shares during the period. Institutional investors own 93.75% of the company’s stock.

Edgewell Personal Care announced that its Board of Directors has approved a stock repurchase program on Thursday, February 8th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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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.

Earnings History and Estimates for Edgewell Personal Care (NYSE:EPC)

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