Edgewell Personal Care (NYSE:EPC) Hits New 1-Year Low Following Weak Earnings

Edgewell Personal Care Co (NYSE:EPC) shares hit a new 52-week low during mid-day trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $26.65 and last traded at $28.62, with a volume of 2214113 shares changing hands. The stock had previously closed at $31.60.

The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%.

Analyst Ratings Changes

A number of research firms recently issued reports on EPC. UBS Group decreased their price objective on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company decreased their price objective on shares of Edgewell Personal Care from $42.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Truist Financial decreased their price objective on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, Barclays decreased their price objective on shares of Edgewell Personal Care from $36.00 to $33.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.80.

Hedge Funds Weigh In On Edgewell Personal Care

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPC. R Squared Ltd bought a new position in shares of Edgewell Personal Care in the fourth quarter valued at approximately $36,000. Wolverine Asset Management LLC boosted its position in shares of Edgewell Personal Care by 217.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock valued at $39,000 after acquiring an additional 800 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Edgewell Personal Care in the third quarter valued at approximately $48,000. KBC Group NV boosted its position in shares of Edgewell Personal Care by 56.5% in the fourth quarter. KBC Group NV now owns 2,279 shares of the company’s stock valued at $77,000 after acquiring an additional 823 shares during the period. Finally, TD Private Client Wealth LLC boosted its position in shares of Edgewell Personal Care by 33.1% in the third quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock valued at $101,000 after acquiring an additional 693 shares during the period. Institutional investors own 91.91% of the company’s stock.

Edgewell Personal Care Price Performance

The business’s 50-day moving average price is $33.79 and its 200 day moving average price is $35.72. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $1.39 billion, a P/E ratio of 14.60 and a beta of 0.88.

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.