Edgewell Personal Care (EPC) Releases Earnings Results, Misses Estimates By $0.37 EPS

Edgewell Personal Care (NYSE:EPC) posted its earnings results on Thursday. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.37), Bloomberg Earnings reports. The firm had revenue of $468.30 million for the quarter, compared to the consensus estimate of $470.63 million. Edgewell Personal Care had a negative net margin of 0.92% and a positive return on equity of 11.24%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. Edgewell Personal Care updated its FY18 guidance to $3.90-4.10 EPS.

Shares of Edgewell Personal Care (NYSE:EPC) opened at $50.12 on Friday. The stock has a market capitalization of $2,670.18, a price-to-earnings ratio of -125.30, a P/E/G ratio of 2.73 and a beta of 0.74. Edgewell Personal Care has a 52-week low of $46.83 and a 52-week high of $82.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.65 and a quick ratio of 1.63.

In other Edgewell Personal Care news, Director Daniel J. Heinrich bought 1,500 shares of Edgewell Personal Care stock in a transaction on Monday, November 13th. The shares were acquired at an average price of $57.08 per share, for a total transaction of $85,620.00. Following the completion of the purchase, the director now directly owns 3,530 shares in the company, valued at approximately $201,492.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.97% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in EPC. Janus Henderson Group PLC increased its stake in Edgewell Personal Care by 929.8% in the second quarter. Janus Henderson Group PLC now owns 1,094,636 shares of the company’s stock worth $83,214,000 after purchasing an additional 988,336 shares during the period. Schroder Investment Management Group increased its stake in Edgewell Personal Care by 531.2% in the fourth quarter. Schroder Investment Management Group now owns 884,300 shares of the company’s stock worth $52,519,000 after purchasing an additional 744,200 shares during the period. JPMorgan Chase & Co. increased its stake in Edgewell Personal Care by 13.7% in the third quarter. JPMorgan Chase & Co. now owns 3,476,454 shares of the company’s stock worth $252,077,000 after purchasing an additional 419,403 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Edgewell Personal Care by 2,405.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 210,472 shares of the company’s stock worth $16,000,000 after purchasing an additional 202,072 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Edgewell Personal Care by 27.4% in the fourth quarter. Bank of New York Mellon Corp now owns 897,173 shares of the company’s stock worth $53,284,000 after purchasing an additional 193,148 shares during the period. Institutional investors and hedge funds own 93.75% of the company’s stock.

EPC has been the subject of a number of analyst 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. TheStreet downgraded Edgewell Personal Care from a “c” rating to a “d+” rating in a research report on Thursday, November 9th. Bank of America downgraded Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 4th. Jefferies Group restated a “hold” rating and issued 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 issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $69.33.

Edgewell Personal Care announced that its Board of Directors has initiated a share repurchase program on Thursday, February 8th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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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.

Earnings History for Edgewell Personal Care (NYSE:EPC)

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