Equities analysts predict that Edgewell Personal Care Co (NYSE:EPC) will report $607.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Edgewell Personal Care’s earnings. The highest sales estimate is $623.41 million and the lowest is $591.90 million. Edgewell Personal Care reported sales of $611.00 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.5%. The business is expected to announce its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Edgewell Personal Care will report full year sales of $607.68 million for the current year, with estimates ranging from $2.26 billion to $2.35 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.31 billion per share, with estimates ranging from $2.21 billion to $2.43 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Edgewell Personal Care.
Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.37). The business had revenue of $468.30 million during the quarter, compared to analyst estimates of $470.63 million. Edgewell Personal Care had a positive return on equity of 11.24% and a negative net margin of 0.92%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS.
In related news, VP Anthony J. Bender acquired 1,450 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $50.02 per share, with a total value of $72,529.00. Following the acquisition, the vice president now directly owns 14,359 shares in the company, valued at approximately $718,237.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David P. Hatfield acquired 3,969 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $50.38 per share, with a total value of $199,958.22. Following the acquisition, the chief executive officer now owns 18,619 shares in the company, valued at $938,025.22. The disclosure for this purchase can be found here. In the last three months, insiders bought 10,021 shares of company stock valued at $511,551. Insiders own 0.97% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Avestar Capital LLC purchased a new position in shares of Edgewell Personal Care in the 4th quarter valued at about $103,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Edgewell Personal Care in the 4th quarter valued at about $120,000. Ford Financial Group Inc. purchased a new position in shares of Edgewell Personal Care in the 4th quarter valued at about $133,000. Magnetar Financial LLC purchased a new position in shares of Edgewell Personal Care in the 3rd quarter valued at about $208,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Edgewell Personal Care in the 3rd quarter valued at about $211,000. 96.86% of the stock is owned by institutional investors and hedge funds.
Shares of Edgewell Personal Care stock opened at $46.10 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.65 and a quick ratio of 1.87. The firm has a market capitalization of $2,504.95, a price-to-earnings ratio of -115.25, a PEG ratio of 3.38 and a beta of 0.81. Edgewell Personal Care has a 52-week low of $46.04 and a 52-week high of $78.04.
Edgewell Personal Care declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 8th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
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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.
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