Edgewell Personal Care (NYSE:EPC) Shares Gap Down After Earnings Miss

Edgewell Personal Care Co (NYSE:EPC)’s share price gapped down before the market opened on Monday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $31.60, but opened at $28.90. Edgewell Personal Care shares last traded at $27.40, with a volume of 166,082 shares changing hands.

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

Analyst Ratings Changes

Several analysts have recently commented on EPC shares. Barclays decreased their price objective on shares of Edgewell Personal Care from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Truist Financial decreased their price objective on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, October 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 on the stock in a research report on Tuesday, January 7th. Finally, UBS Group decreased their price objective on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.80.

Hedge Funds Weigh In On Edgewell Personal Care

Large investors have recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Edgewell Personal Care during the 4th quarter worth about $36,000. Wolverine Asset Management LLC boosted its stake in shares of Edgewell Personal Care by 217.4% during the 4th quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock worth $39,000 after purchasing an additional 800 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Edgewell Personal Care during the 3rd quarter worth about $48,000. KBC Group NV boosted its stake in shares of Edgewell Personal Care by 56.5% during the 4th quarter. KBC Group NV now owns 2,279 shares of the company’s stock worth $77,000 after purchasing an additional 823 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake in shares of Edgewell Personal Care by 33.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock worth $101,000 after purchasing an additional 693 shares during the period. 91.91% of the stock is owned by hedge funds and other institutional investors.

Edgewell Personal Care Stock Performance

The business’s 50 day moving average is $33.97 and its 200 day moving average is $35.80. The stock has a market capitalization of $1.34 billion, a PE ratio of 13.99 and a beta of 0.88. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80.

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.