Canaccord Genuity Reiterates Buy Rating on Edgewell Personal Care (EPC)

Canaccord Genuity analyst Susan Anderson reiterated a Buy rating and $32.00 price target on Edgewell Personal Care (NYSE: EPC).

The analyst commented: "On 2/9 before the open, Edgewell Personal Care (EPC) reported 1Q26 (Dec-end) results and details around how the sale of the Feminine Care business impacts their financials. Sales, including Fem Care were up +1.8% YOY while the core business (ex-Fem care) was up +1.9% YOY, both beating our/Street estimate of -0.4%/flat. Total organic sales (ex-FX and Fem Care) were down -0.5% YOU, with North America up +0.7% YOU, while International was down -1.6% YOY. North America saw volume growth in Sun Care and Grooming, but lower volumes and unfavorable pricing in Wet Shave and Skin Care. International saw volume declines in Sun and Wet Shave primarily due to the phasing of Wet Shave sales in Japan and Sun Care sales in distributor markets. Importantly, EPC reiterated the majority of their FY26 outlook, including reported and organic sales ex-Fem Care, adj. gross margins, and adj. EBIT margins. However, due to the sale of the Fem Care business, adj. EPS and adj. EBITDA were guided downward to incorporate the sale. The downward revision was in line with prior ranges for what the Fem Care business contributed. Now, we believe EPC can utilize the proceeds from the $340M sale of the Fem Care business to deleverage, reinvest back into the business, and focus on the remaining higher-growth and higher-margin businesses. We believe EPC's valuation is still compelling at ~10x our FY27 EPS estimate and under 9x our FY27 EBITDA estimate. We reiterate our Buy rating and $32 PT."

For an analyst ratings summary and ratings history on Edgewell Personal Care click here. For more ratings news on Edgewell Personal Care click here.

Shares of Edgewell Personal Care closed at $19.79 yesterday.

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