| Over a week ago | ||||
Meeting to be held in New… Meeting to be held in New York on March 1 hosted by Truist. | ||||
| Over a month ago | ||||
Roth MKM analyst Bill… Roth MKM analyst Bill Kirk keeps a Buy rating and $171 price target on Walmart (WMT) while noting that with excess discretionary inventory cleared, the company should get even more aggressive on Food pricing and market share. The analyst further cites the recent commentary from Edgewell (EPC) CEO in a Reuters interview indicating that Walmart is pushing back against price increases from manufacturers and any increases unless they have "really good reasons." The firm also states that the stock is the firm's 2023 Top Pick in the Broadlines and Food Retail space. | ||||
Canaccord analyst Susan… Canaccord analyst Susan Anderson raised the firm's price target on Edgewell Personal Care to $52 from $48 and keeps a Buy rating on the shares. The analyst believes Edgewell's staple-like portfolio is positioned to manage through a volatile macro environment, and the target increase is due to solid sales trends and improving margins expected in second half of the year. | ||||
Raises FY23 revenue view… Raises FY23 revenue view to up 2%-4% from flat to up 2%, consensus $2.2B. Sees FY23 adjusted EBITDA $320M-$335M. Sees FY23 adjusted tax rate 24%. Sees FY23 capital expenditures 3% of sales. Sees FY23 free cash flow $140Mgreater than | ||||
Reports Q1 revenue… Reports Q1 revenue $469.1M, consensus $467.77M. "We had a good start to the fiscal year as we delivered our 7th consecutive quarter of growth, and our team continued to perform well in a challenging environment. International growth was a highlight, driven by volume and price gains, and reflective of a strong start to the sun season. In North America, we successfully implemented further pricing across the portfolio and broadly held U.S. share in the period. In addition to the benefits from higher pricing, our focus on productivity initiatives and good cost control reinforced gross and operating margins, while we maintained a high level of brand investment," said Rod Little, Edgewell's president and CEO. "Looking to the remainder of the year, while the macro environment remains volatile and uncertain, our strategies position us to deliver growth and value creation, and we are on track to deliver on our previous constant currency outlook for both the top and bottom line." | ||||
| Over a quarter ago | ||||
Edgewell Personal Care… Edgewell Personal Care announced the appointment of Robert Schmidt as Chief Accounting Officer. Schmidt will be based in the company's Shelton, Connecticut office reporting to Dan Sullivan, CFO. Prior to joining Edgewell, Schmidt served as Chief Accounting Officer at ADC Therapeutics SA. | ||||
Canaccord analyst Susan… Canaccord analyst Susan Anderson initiated coverage of Edgewell Personal Care with a Buy rating and $48 price target. Spun out of Energizer in 2015, Edgewell has been transforming itself into a modern-day diversified portfolio of brands across price spectrums, Anderdon tells investors in a research note. The analyst expects the men's beauty boom category and the company's modern-day CPG brands to drive the stock higher. | ||||
Canaccord analyst Susan… Canaccord analyst Susan Anderson initiated coverage of Edgewell Personal Care with a Buy rating and $48 price target. | ||||
Barclays analyst Lauren… Barclays analyst Lauren Lieberman raised the firm's price target on Edgewell Personal Care to $35 from $31 and keeps an Underweight rating on the shares. The analyst thinks Edgewell's initial guidance for fiscal 2023 is achievable, though she expects gross margins to be flat versus guidance up 30 basis points year-over-year as pricing, particularly in international markets, "is far from a given." | ||||
Sees FY23 revenue flat to… Sees FY23 revenue flat to up 2%, consensus $2.18B. Sees FY23 organic net sales up 3%-5%. Sees FY23 adjusted effective tax rate 24%. Sees FY23 capital expenditures 3%. Sees FY23 free cash flow $140M. Sees FY23 adjusted EBITDA $320M-$335M. Sees FY23 capital expenditures 3% of net sales. | ||||
