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

Edgewell Personal Care Co (NYSE:EPC - Get Free Report) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.15 per share on Wednesday, April 9th. This represents a $0.60 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Wednesday, March 5th.

Edgewell Personal Care has a payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.3 %

Shares of Edgewell Personal Care stock traded up $0.10 during trading on Friday, hitting $29.81. The stock had a trading volume of 540,355 shares, compared to its average volume of 436,415. The stock has a 50 day simple moving average of $33.13 and a 200 day simple moving average of $35.45. The company has a market capitalization of $1.45 billion, a PE ratio of 15.21 and a beta of 0.88. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. Edgewell Personal Care has a 1 year low of $26.65 and a 1 year high of $41.50.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its earnings results on Monday, February 10th. 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%. On average, research analysts expect that Edgewell Personal Care will post 3.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on EPC. Barclays decreased their price target on shares of Edgewell Personal Care from $33.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday. Canaccord Genuity Group decreased their price target on shares of Edgewell Personal Care from $53.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday. UBS Group decreased their price target on shares of Edgewell Personal Care from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reduced their target price on shares of Edgewell Personal Care from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Morgan Stanley reduced their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $36.57.

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.