$468.47 Million in Sales Expected for Edgewell Personal Care Co (NYSE:EPC) This Quarter

Wall Street analysts forecast that Edgewell Personal Care Co (NYSE:EPC) will announce sales of $468.47 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Edgewell Personal Care’s earnings. The lowest sales estimate is $467.61 million and the highest is $469.80 million. Edgewell Personal Care posted sales of $528.00 million in the same quarter last year, which suggests a negative year-over-year growth rate of 11.3%. The business is scheduled to issue its next earnings report on Tuesday, November 10th.

On average, analysts expect that Edgewell Personal Care will report full year sales of $1.93 billion for the current fiscal year, with estimates ranging from $1.93 billion to $1.94 billion. For the next year, analysts anticipate that the business will report sales of $1.99 billion, with estimates ranging from $1.97 billion to $2.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Edgewell Personal Care.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). Edgewell Personal Care had a return on equity of 12.13% and a net margin of 4.39%. The firm had revenue of $483.90 million for the quarter, compared to the consensus estimate of $533.41 million. During the same period in the previous year, the company posted $1.11 EPS. Edgewell Personal Care’s quarterly revenue was down 20.6% compared to the same quarter last year.

A number of brokerages recently weighed in on EPC. Zacks Investment Research cut Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Morgan Stanley decreased their price objective on Edgewell Personal Care from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 5th. Deutsche Bank decreased their price objective on Edgewell Personal Care from $38.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, August 5th. Finally, TheStreet upgraded Edgewell Personal Care from a “d+” rating to a “c” rating in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Edgewell Personal Care presently has an average rating of “Hold” and an average target price of $38.22.

A number of institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Edgewell Personal Care by 6.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 19,500 shares of the company’s stock worth $608,000 after acquiring an additional 1,200 shares during the period. Handelsbanken Fonder AB acquired a new stake in Edgewell Personal Care during the second quarter worth about $337,000. FMR LLC grew its holdings in Edgewell Personal Care by 18.1% during the second quarter. FMR LLC now owns 4,573,762 shares of the company’s stock worth $142,519,000 after acquiring an additional 699,828 shares during the period. AQR Capital Management LLC grew its holdings in Edgewell Personal Care by 203.2% during the second quarter. AQR Capital Management LLC now owns 278,062 shares of the company’s stock worth $8,575,000 after acquiring an additional 186,351 shares during the period. Finally, Engineers Gate Manager LP grew its holdings in Edgewell Personal Care by 8.4% during the second quarter. Engineers Gate Manager LP now owns 47,783 shares of the company’s stock worth $1,489,000 after acquiring an additional 3,714 shares during the period. 95.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EPC traded up $0.34 during midday trading on Monday, reaching $28.22. 359,422 shares of the stock were exchanged, compared to its average volume of 731,151. The company has a current ratio of 2.38, a quick ratio of 1.71 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.53 billion, a P/E ratio of 17.51, a PEG ratio of 10.38 and a beta of 0.74. Edgewell Personal Care has a 52 week low of $20.51 and a 52 week high of $38.97. The company’s 50 day moving average is $29.20 and its two-hundred day moving average is $28.64.

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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