Edgewell Personal Care Co (NYSE:EPC) Announces Quarterly Dividend of $0.15

Edgewell Personal Care Co (NYSE:EPC) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Thursday, June 6th will be given a dividend of 0.15 per share on Tuesday, July 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, June 6th.

Edgewell Personal Care has increased its dividend by an average of 58.7% annually over the last three years. Edgewell Personal Care has a payout ratio of 19.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Edgewell Personal Care to earn $3.05 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 19.7%.

Edgewell Personal Care Trading Up 0.5 %

Shares of EPC stock traded up $0.19 during trading hours on Thursday, hitting $39.02. 372,819 shares of the company were exchanged, compared to its average volume of 367,661. The firm has a market cap of $1.95 billion, a P/E ratio of 19.06 and a beta of 0.95. Edgewell Personal Care has a fifty-two week low of $33.71 and a fifty-two week high of $46.13. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.03 and a current ratio of 2.15. The company has a 50 day simple moving average of $37.36 and a two-hundred day simple moving average of $36.76.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.74 by $0.14. The company had revenue of $599.40 million during the quarter, compared to the consensus estimate of $606.74 million. Edgewell Personal Care had a net margin of 4.66% and a return on equity of 8.38%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. Equities analysts anticipate that Edgewell Personal Care will post 2.8 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays reduced their price objective on shares of Edgewell Personal Care from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Wells Fargo & Company increased their target price on Edgewell Personal Care from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Finally, Canaccord Genuity Group raised their price objective on Edgewell Personal Care from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $41.50.

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.