Here’s why Edgewell Personal Care (EPC) shares are trading higher today
Adjusted profit came in at 59 cents per share, beating the analysts’ average estimate of 57 cents per share.
avatar
Staff or Guest writer for The Dog of Wall Street.
2020-11-12 12:13

Edgewell Personal Care Co. (EPC) on Thursday announced its financial results for the third quarter that beat consensus forecast, despite difficult operating environment due to the pandemic. EPC shares rose more than 7 percent this morning following the results.

Here’s why Edgewell Personal Care (EPC) shares are trading higher today

The Shelton, Connecticut-based consumer product company said that it earned $21.0 million, or 38 cents per share in the three-month period ended September 30, as compared to $40.7 million, or 75 cents per share in the year-ago quarter. Adjusted profit came in at 59 cents per share, beating the analysts’ average estimate of 57 cents per share.

Revenue declined to $488.8 million in the quarter, as compared to $528 million in the same period last year. However, it was better than $466.0 million forecasted by analysts.

If we analyze the sales performance of different categories, revenue from Sun and Skin Care segment jumped 15 percent to $12.1 million in the quarter, while revenue from Wet Shave declined 4 percent to $13.5 million. Comparatively, Feminine Care sales were $8.4 million, down 10.8 percent on year-over-year basis.

Speaking on the results, the company’s CEO Rod Little said "we are pleased to close out fiscal 2020 with a fourth quarter that demonstrated a clear return to more stable underlying top line and bottom line performance, underpinned by healthy gross margin results. North American Wet Shave and Sun Care, and continued expansion of our Wet Ones brand, were all areas of strength. Our strong focus on execution and disciplined approach to commercial investment and brand activation, all helped fuel this performance."

Looking forward, the company projected earnings in the range of $2.18 per share to $2.38 per share for fiscal 2021, while revenue is expected to increase in the mid-single digits.

Edgewell Personal Care (NYSE: EPC) share price has surged more than 13 percent so far this year, including today’s gain.


Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

Rate this article

positive
negative
Published On
2020-11-12 12:13

avatar
About the Author
Staff or Guest writer for The Dog of Wall Street.


buy-coffee
You've read 1 article in the last year
..thank you for supporting us and for visiting our site. Unlike many other sites, The Dog of Wall Street is available for everyone to read. Our focus is to provide great content for free. Do you like what we are doing? Buy us a cup coffee. It is the fuel that keeps us going..

Levi Strauss' Bold Gambit: Is the Denim Icon's DTC Shift Enough to Weather the Storm?
Levi Strauss & Co. boasts a strong quarter with direct-to-consumer growth and innovative fashion, but can it navigate the choppy waters of the retail market?
By Alfonso | 9 months ago

Amazon's Bold Counterattack: Introducing the China-Direct Discount Section
As competition heats up, Amazon unveils a daring new strategy to offer unbeatable prices and direct shipping from China.
By Alfonso | 9 months ago

Tesla's Legal Challenges: Facing the Music on Autopilot Misrepresentation
Court ruling intensifies scrutiny on Tesla's self-driving claims.
By Alfonso | 10 months ago

Netflix's Ad-Supported Triumph: A New Era in Streaming
Surpassing 40 million users, Netflix’s ad-supported plan redefines the streaming landscape.
By Alfonso | 10 months ago

Tesla Stock (TSLA): Look Who's Back!
I’m cautiously optimistic but I’m at the point where I need to see it to believe it.
By Mike Sakuraba | 11 months ago

2 Earnings To Pay Attention to Next Week
Since big tech is the theme, you probably know what I have my eyes on for next week.
By Mike Sakuraba | 11 months ago

2 Stocks to Watch Below $10
Here are two stocks that are currently less trading in the single digits that I believe have some relative upside from their current prices.
By Mike Sakuraba | 11 months ago

Looking Ahead to Tesla's Earnings: What Can We Expect?
Is there any stock that has been more talked about than Tesla (NASDAQ: TSLA) as of late? It’s a company that is always in the spotlight but the stock is under some heavy scrutiny this year and deservedly so.
By Mike Sakuraba | 11 months ago