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


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

Edgewell Personal Care Co (NYSE:EPC - Get Free Report) announced a quarterly dividend on Thursday, November 7th,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 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Edgewell Personal Care has raised its dividend by an average of 58.7% per year over the last three years. Edgewell Personal Care has a dividend payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Edgewell Personal Care to earn $3.19 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 18.8%.

Shares of Edgewell Personal Care stock traded down $0.91 during trading on Friday, reaching $35.50. The company had a trading volume of 19,924 shares, compared to its average volume of 393,741. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 15.43 and a beta of 0.86. Edgewell Personal Care has a fifty-two week low of $33.27 and a fifty-two week high of $41.50. The firm's fifty day moving average is $36.08 and its 200-day moving average is $38.06. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.94 and a current ratio of 1.79.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.05. The business had revenue of $517.60 million during the quarter, compared to the consensus estimate of $535.23 million. Edgewell Personal Care had a return on equity of 9.92% and a net margin of 5.26%. The business's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. On average, analysts anticipate that Edgewell Personal Care will post 3 EPS for the current year.

A number of analysts have recently weighed in on the company. UBS Group dropped their price target on Edgewell Personal Care from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Barclays reduced their price target on shares of Edgewell Personal Care from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Friday, October 11th. Truist Financial cut their target price on 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. Finally, StockNews.com cut Edgewell Personal Care from a "buy" rating to a "hold" rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $41.00.

Check Out Our Latest Stock Analysis on EPC

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.

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