$557.91 Million in Sales Expected for Edgewell Personal Care Co (EPC) This Quarter

Equities research analysts predict that Edgewell Personal Care Co (NYSE:EPC) will report $557.91 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Edgewell Personal Care’s earnings, with the highest sales estimate coming in at $559.40 million and the lowest estimate coming in at $556.10 million. Edgewell Personal Care reported sales of $564.90 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.2%. The business is expected to issue its next earnings results on Thursday, November 8th.

According to Zacks, analysts expect that Edgewell Personal Care will report full year sales of $2.25 billion for the current year, with estimates ranging from $2.25 billion to $2.26 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.22 billion, with estimates ranging from $2.20 billion to $2.26 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Edgewell Personal Care.

Edgewell Personal Care (NYSE:EPC) last posted its earnings results on Tuesday, August 7th. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.13. Edgewell Personal Care had a negative net margin of 2.85% and a positive return on equity of 10.99%. The company had revenue of $620.60 million for the quarter, compared to analysts’ expectations of $619.95 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. Edgewell Personal Care’s revenue for the quarter was down 2.7% compared to the same quarter last year.

A number of research firms have commented on EPC. Citigroup upped their target price on shares of Edgewell Personal Care from $53.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, June 29th. Jefferies Financial Group upped their target price on shares of Edgewell Personal Care from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Wednesday, August 8th. Bank of America upped their target price on shares of Edgewell Personal Care from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Monday, July 16th. SunTrust Banks upped their target price on shares of Edgewell Personal Care to $50.00 and gave the company a “hold” rating in a research report on Wednesday, August 8th. Finally, Zacks Investment Research cut shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.18.

NYSE EPC traded up $1.17 during trading hours on Monday, reaching $46.47. The company had a trading volume of 345,700 shares, compared to its average volume of 762,164. Edgewell Personal Care has a 1-year low of $39.50 and a 1-year high of $72.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.25 and a quick ratio of 0.79. The stock has a market capitalization of $2.50 billion, a P/E ratio of 11.70, a PEG ratio of 4.43 and a beta of 0.95.

Several institutional investors and hedge funds have recently modified their holdings of EPC. BlackRock Inc. lifted its position in shares of Edgewell Personal Care by 15.3% during the second quarter. BlackRock Inc. now owns 9,272,107 shares of the company’s stock worth $467,871,000 after purchasing an additional 1,231,893 shares in the last quarter. Legion Partners Asset Management LLC acquired a new stake in shares of Edgewell Personal Care during the first quarter worth about $37,144,000. Dimensional Fund Advisors LP lifted its position in shares of Edgewell Personal Care by 48.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,999,604 shares of the company’s stock worth $100,897,000 after purchasing an additional 650,234 shares in the last quarter. FMR LLC lifted its position in shares of Edgewell Personal Care by 33.9% during the second quarter. FMR LLC now owns 1,432,593 shares of the company’s stock worth $72,289,000 after purchasing an additional 362,477 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Edgewell Personal Care by 77.4% during the second quarter. Northern Trust Corp now owns 782,980 shares of the company’s stock worth $39,509,000 after purchasing an additional 341,571 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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Earnings History and Estimates for Edgewell Personal Care (NYSE:EPC)

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