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

Shares of Edgewell Personal Care Co (NYSE:EPC) reached a new 52-week low during 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 trading hands. The stock had previously closed at $31.60.

The company reported $0.07 earnings per share (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 Upgrades and Downgrades

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Brandes Investment Partners LP increased its stake in shares of Edgewell Personal Care by 21.1% in the fourth quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company’s stock worth $68,600,000 after buying an additional 355,224 shares during the period. Geode Capital Management LLC increased its stake in shares of Edgewell Personal Care by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,130,160 shares of the company’s stock worth $41,078,000 after buying an additional 6,964 shares during the period. William Blair Investment Management LLC increased its stake in shares of Edgewell Personal Care by 40.5% in the fourth quarter. William Blair Investment Management LLC now owns 878,390 shares of the company’s stock worth $29,514,000 after buying an additional 253,014 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Edgewell Personal Care by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 817,042 shares of the company’s stock worth $27,453,000 after buying an additional 38,353 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Edgewell Personal Care by 12.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company’s stock worth $25,122,000 after buying an additional 85,467 shares during the period. 91.91% of the stock is owned by hedge funds and other institutional investors.

Edgewell Personal Care Trading Down 9.4 %

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

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.