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

Edgewell Personal Care Co (NYSE:EPC)’s share price gapped down prior to trading 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group cut 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 report on Thursday, January 16th. Truist Financial cut 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 report on Wednesday, October 16th. Barclays cut 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 report on Friday, January 17th. Finally, Wells Fargo & Company cut 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 report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Edgewell Personal Care currently has an average rating of “Moderate Buy” and a consensus price target of $39.80.

Institutional Investors Weigh In On Edgewell Personal Care

Institutional investors have recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Edgewell Personal Care during the fourth quarter valued at approximately $36,000. Wolverine Asset Management LLC grew its holdings in shares of Edgewell Personal Care by 217.4% during the fourth quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock valued at $39,000 after buying an additional 800 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Edgewell Personal Care in the third quarter worth approximately $48,000. KBC Group NV boosted its holdings in Edgewell Personal Care by 56.5% in the fourth 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 last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in 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 worth $101,000 after purchasing an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Edgewell Personal Care Stock Down 12.6 %

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’s fifty day moving average is $33.97 and its 200-day moving average is $35.80. The company has a market cap of $1.34 billion, a PE ratio of 13.99 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.