Zacks Investment Research upgraded shares of Edgewell Personal Care (NYSE:EPC) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday.
According to Zacks, “Edgewell Personal Care Co. manufactures and markets personal care products. The company’s brand consists of Schick(R) and Wilkinson Sword(R) men’s and women’s shaving systems and disposable razors; Edge(R) and Skintimate(R) shave preparations; Playtex(R), Stayfree(R), Carefree(R) and o.b. (R) feminine care products; Banana Boat(R) and Hawaiian Tropic(R) sun care products; Playtex(R) infant feeding, Diaper Genie(R) and gloves; Wet Ones(R) moist wipes. Edgewell Personal Care Co., formerly known as Energizer Holdings, is based in St Louis, United States. “
EPC has been the topic of a number of other research reports. TheStreet lowered Edgewell Personal Care from a c rating to a d+ rating in a research report on Thursday, November 9th. Bank of America lowered Edgewell Personal Care from a neutral rating to an underperform rating in a research report on Thursday, January 4th. Jefferies Group reissued a hold rating and issued a $78.00 target price on shares of Edgewell Personal Care in a research report on Thursday, October 19th. Wells Fargo & Co started coverage on Edgewell Personal Care in a research report on Tuesday, December 19th. They issued a market perform rating on the stock. Finally, Morgan Stanley cut their target price on Edgewell Personal Care from $80.00 to $65.00 and set an equal weight rating on the stock in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $74.83.
Shares of Edgewell Personal Care (NYSE:EPC) traded down $0.59 during midday trading on Wednesday, reaching $59.71. The company’s stock had a trading volume of 477,710 shares, compared to its average volume of 513,734. The stock has a market capitalization of $3,289.07, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 3.31 and a beta of 0.87. The company has a current ratio of 2.26, a quick ratio of 1.63 and a debt-to-equity ratio of 0.88. Edgewell Personal Care has a 52 week low of $55.94 and a 52 week high of $82.06.
Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Thursday, November 9th. The company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). The firm had revenue of $564.90 million during the quarter, compared to analysts’ expectations of $588.28 million. Edgewell Personal Care had a net margin of 0.25% and a return on equity of 12.54%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 EPS. analysts predict that Edgewell Personal Care will post 3.92 EPS for the current fiscal year.
In related news, Director Daniel J. Heinrich acquired 1,500 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $57.08 per share, with a total value of $85,620.00. Following the completion of the transaction, the director now owns 3,530 shares of the company’s stock, valued at $201,492.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.97% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Magnetar Financial LLC purchased a new stake in shares of Edgewell Personal Care during the third quarter worth $208,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Edgewell Personal Care during the third quarter worth $211,000. Bayesian Capital Management LP acquired a new position in shares of Edgewell Personal Care during the second quarter worth $240,000. Fox Run Management L.L.C. acquired a new position in shares of Edgewell Personal Care during the third quarter worth $233,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Edgewell Personal Care during the second quarter worth $286,000. 93.22% of the stock is currently owned by institutional investors and hedge funds.
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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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