Edgewell Personal Care Co (NYSE:EPC) to Issue $0.15 Quarterly Dividend

Edgewell Personal Care Co (NYSE:EPC - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Tuesday, December 3rd will be given a dividend of 0.15 per share on Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Tuesday, December 3rd.

Edgewell Personal Care has increased its dividend by an average of 58.7% annually over the last three years. Edgewell Personal Care has a payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Research 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%.

Edgewell Personal Care Stock Performance

EPC stock traded down $0.25 during trading on Friday, reaching $36.16. The stock had a trading volume of 482,716 shares, compared to its average volume of 395,873. The stock's 50 day moving average is $36.08 and its two-hundred day moving average is $38.06. The firm has a market cap of $1.78 billion, a PE ratio of 15.43 and a beta of 0.86. Edgewell Personal Care has a 52 week low of $33.27 and a 52 week high of $41.50. The company has a current ratio of 1.79, a quick ratio of 0.94 and a debt-to-equity ratio of 0.82.

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

Analysts Set New Price Targets

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

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.