SunTrust Banks Analysts Decrease Earnings Estimates for Edgewell Personal Care Co (EPC)

Edgewell Personal Care Co (NYSE:EPC) – Equities researchers at SunTrust Banks decreased their Q4 2018 earnings per share estimates for shares of Edgewell Personal Care in a report released on Thursday, October 18th. SunTrust Banks analyst W. Chappell now forecasts that the company will post earnings of $1.07 per share for the quarter, down from their previous forecast of $1.08. SunTrust Banks currently has a “Hold” rating and a $50.00 target price on the stock. SunTrust Banks also issued estimates for Edgewell Personal Care’s Q1 2019 earnings at $0.36 EPS, Q4 2019 earnings at $1.11 EPS and FY2020 earnings at $3.99 EPS.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $620.60 million for the quarter, compared to the consensus estimate of $619.95 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis.

Other analysts also recently issued research reports about the stock. Citigroup increased their target price on shares of Edgewell Personal Care from $53.00 to $61.00 and gave the company a “buy” rating in a report on Friday, June 29th. Zacks Investment Research upgraded shares of Edgewell Personal Care from a “sell” rating to a “buy” rating and set a $63.00 target price for the company in a report on Friday, August 10th. TheStreet upgraded shares of Edgewell Personal Care from a “d+” rating to a “c-” rating in a report on Wednesday, August 22nd. Morgan Stanley increased their target price on shares of Edgewell Personal Care from $49.00 to $53.00 and gave the company an “equal weight” rating in a report on Friday, August 31st. Finally, Societe Generale downgraded shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $53.18.

Shares of EPC stock opened at $45.47 on Friday. The stock has a market capitalization of $2.47 billion, a PE ratio of 11.45, a PEG ratio of 5.22 and a beta of 0.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.25 and a quick ratio of 0.79. Edgewell Personal Care has a one year low of $39.50 and a one year high of $68.11.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Systematic Financial Management LP increased its holdings in Edgewell Personal Care by 7.2% during the second quarter. Systematic Financial Management LP now owns 30,270 shares of the company’s stock worth $1,527,000 after buying an additional 2,045 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Edgewell Personal Care during the second quarter worth about $402,000. Mount Yale Investment Advisors LLC increased its holdings in Edgewell Personal Care by 25.9% during the second quarter. Mount Yale Investment Advisors LLC now owns 7,425 shares of the company’s stock worth $375,000 after buying an additional 1,528 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in Edgewell Personal Care by 28.4% during the second quarter. Canada Pension Plan Investment Board now owns 330,310 shares of the company’s stock worth $16,667,000 after buying an additional 73,000 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in 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 buying an additional 1,231,893 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

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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