Edgewell Personal Care Co Announces Quarterly Dividend of $0.15 (NYSE:EPC)

Edgewell Personal Care Co (NYSE:EPC) declared a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Investors of record on Tuesday, December 3rd will be paid a dividend of 0.15 per share on Wednesday, January 8th. This represents a $0.60 annualized dividend and a yield of 1.64%. The ex-dividend date is Tuesday, December 3rd.

Edgewell Personal Care has raised its dividend payment by an average of 58.7% annually over the last three years. Edgewell Personal Care has a dividend payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Edgewell Personal Care to earn $3.40 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 17.6%.

Edgewell Personal Care Price Performance

Shares of NYSE EPC opened at $36.58 on Monday. 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 stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 18.66 and a beta of 0.86. The firm’s 50 day simple moving average is $35.43 and its 200-day simple moving average is $37.76. Edgewell Personal Care has a 12 month low of $33.27 and a 12 month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. The firm had revenue of $517.60 million during the quarter, compared to analyst estimates of $535.23 million. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. Edgewell Personal Care’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. Analysts expect that Edgewell Personal Care will post 3.21 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EPC shares. UBS Group dropped their price target on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. StockNews.com downgraded shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Truist Financial cut 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 note on Wednesday, October 16th. Finally, Barclays decreased their price target on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Edgewell Personal Care presently has a consensus rating of “Moderate Buy” and an average price target of $42.40.

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.