Edgewell Personal Care (NYSE:EPC) Reaches New 1-Year Low Following Weak Earnings

Edgewell Personal Care Co (NYSE:EPC) shares hit a new 52-week low during trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $26.65 and last traded at $28.62, with a volume of 2214113 shares. The stock had previously closed at $31.60.

The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%.

Edgewell Personal Care Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.60 dividend on an annualized basis and a yield of 2.07%. Edgewell Personal Care’s dividend payout ratio (DPR) is currently 30.61%.

Analyst Ratings Changes

Several brokerages have issued reports on EPC. Canaccord Genuity Group cut their price objective on shares of Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank of Canada reduced their price target on Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Tuesday. Wells Fargo & Company decreased their price objective on Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday. UBS Group dropped their target price on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Morgan Stanley decreased their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Empowered Funds LLC acquired a new position in shares of Edgewell Personal Care during the 3rd quarter worth approximately $6,128,000. Chartwell Investment Partners LLC lifted its holdings in shares of Edgewell Personal Care by 54.3% during the 3rd quarter. Chartwell Investment Partners LLC now owns 211,056 shares of the company’s stock worth $7,670,000 after acquiring an additional 74,315 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Edgewell Personal Care during the 3rd quarter worth approximately $639,000. Barclays PLC increased its stake in Edgewell Personal Care by 563.6% in the third quarter. Barclays PLC now owns 148,553 shares of the company’s stock valued at $5,400,000 after acquiring an additional 126,168 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Edgewell Personal Care by 6.2% in the third quarter. JPMorgan Chase & Co. now owns 669,914 shares of the company’s stock valued at $24,345,000 after acquiring an additional 39,059 shares during the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.

Edgewell Personal Care Stock Up 1.4 %

The firm has a 50 day simple moving average of $33.42 and a two-hundred day simple moving average of $35.59. The stock has a market capitalization of $1.41 billion, a P/E ratio of 14.79 and a beta of 0.88. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80.

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.