Edgewell Personal Care Co (EPC) To Go Ex-Dividend on September 6th

Edgewell Personal Care Co (NYSE:EPC) declared a quarterly dividend on Tuesday, August 1st, Zacks reports. Stockholders of record on Thursday, September 7th will be given a dividend of 0.15 per share on Wednesday, October 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, September 6th.

Edgewell Personal Care has a payout ratio of 21.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Edgewell Personal Care to earn $2.81 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 21.4%.

Edgewell Personal Care Price Performance

EPC stock opened at $39.12 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 1.71. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 17.39 and a beta of 0.94. The firm has a 50 day moving average price of $39.17 and a 200-day moving average price of $41.38. Edgewell Personal Care has a 52-week low of $36.17 and a 52-week high of $46.13.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.17. The company had revenue of $650.00 million for the quarter, compared to analysts’ expectations of $642.45 million. Edgewell Personal Care had a net margin of 5.19% and a return on equity of 9.15%. Edgewell Personal Care’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. Equities research analysts forecast that Edgewell Personal Care will post 2.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EPC shares. Barclays upped their price objective on Edgewell Personal Care from $36.00 to $37.00 and gave the company an “underweight” rating in a research report on Monday, August 7th. StockNews.com assumed coverage on Edgewell Personal Care in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.29.

Insiders Place Their Bets

In other news, insider John N. Hill sold 4,390 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $42.89, for a total value of $188,287.10. Following the completion of the sale, the insider now directly owns 72,725 shares in the company, valued at approximately $3,119,175.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.84% of the company’s stock.

Institutional Investors Weigh In On Edgewell Personal Care

A number of institutional investors have recently bought and sold shares of the business. Systematic Financial Management LP bought a new stake in Edgewell Personal Care during the 1st quarter valued at approximately $166,000. Point72 Middle East FZE purchased a new position in shares of Edgewell Personal Care in the fourth quarter worth $148,000. Tower Research Capital LLC TRC boosted its position in shares of Edgewell Personal Care by 110.2% during the third quarter. Tower Research Capital LLC TRC now owns 3,912 shares of the company’s stock worth $146,000 after acquiring an additional 2,051 shares during the last quarter. UBS Group AG increased its holdings in Edgewell Personal Care by 29.9% in the 3rd quarter. UBS Group AG now owns 3,724 shares of the company’s stock valued at $139,000 after acquiring an additional 857 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Edgewell Personal Care by 26.7% in the 2nd quarter. Osaic Holdings Inc. now owns 3,216 shares of the company’s stock worth $133,000 after purchasing an additional 677 shares in the last quarter. Hedge funds and other institutional investors own 91.91% 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.