Wall Street analysts predict that Edgewell Personal Care Co (NYSE:EPC) will announce sales of $557.91 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Edgewell Personal Care’s earnings, with the lowest sales estimate coming in at $556.10 million and the highest estimate coming in at $559.40 million. Edgewell Personal Care posted sales of $564.90 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.2%. The firm is scheduled to report its next earnings results on Thursday, November 8th.
On average, analysts expect that Edgewell Personal Care will report full year sales of $2.25 billion for the current fiscal year, with estimates ranging from $2.25 billion to $2.26 billion. For the next financial year, analysts expect that the firm will report sales of $2.22 billion per share, with estimates ranging from $2.20 billion to $2.26 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Edgewell Personal Care.
Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.13. Edgewell Personal Care had a positive return on equity of 10.99% and a negative net margin of 2.85%. The company had revenue of $620.60 million for the quarter, compared to analyst estimates of $619.95 million. During the same quarter last year, the firm earned $1.11 EPS. Edgewell Personal Care’s revenue for the quarter was down 2.7% compared to the same quarter last year.
Several analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Edgewell Personal Care from $49.00 to $53.00 and gave the stock an “equal weight” rating in a report on Friday, August 31st. TheStreet raised Edgewell Personal Care from a “d+” rating to a “c-” rating in a report on Wednesday, August 22nd. Zacks Investment Research lowered Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Citigroup lifted their price objective on Edgewell Personal Care from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Finally, Societe Generale lowered Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Edgewell Personal Care currently has a consensus rating of “Hold” and an average price target of $54.18.
Shares of NYSE:EPC opened at $49.54 on Friday. Edgewell Personal Care has a 1-year low of $39.50 and a 1-year high of $74.40. The company has a market cap of $2.70 billion, a PE ratio of 12.48, a PEG ratio of 4.79 and a beta of 0.88. The company has a current ratio of 1.25, a quick ratio of 0.79 and a debt-to-equity ratio of 0.64.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Edgewell Personal Care by 15.3% in the 2nd quarter. BlackRock Inc. now owns 9,272,107 shares of the company’s stock valued at $467,871,000 after buying an additional 1,231,893 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Edgewell Personal Care by 4.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,488,774 shares of the company’s stock valued at $170,321,000 after buying an additional 135,267 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Edgewell Personal Care by 48.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,999,604 shares of the company’s stock valued at $100,897,000 after buying an additional 650,234 shares in the last quarter. FMR LLC boosted its stake in Edgewell Personal Care by 33.9% in the 2nd quarter. FMR LLC now owns 1,432,593 shares of the company’s stock valued at $72,289,000 after buying an additional 362,477 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Edgewell Personal Care by 16.3% in the 2nd quarter. American Century Companies Inc. now owns 1,225,596 shares of the company’s stock valued at $61,844,000 after buying an additional 171,580 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.
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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