82.7 F
New York
Friday, July 30, 2021

Edgewell [NYSE: EPC] Decides To Buy CREMO Company For $235 Million

Must read

Ucommune [NASDAQ: UK] Ink Cooperation Agreement with Beijing Investment Group

Ucommune International Ltd. inked a cooperation agreement with Beijing Investment Group Co., LTD. Beijing Investment is a fully state-owned land developer associated with...

Lion Electric [NYSE: LEV] all Set to Deliver Two Electric Trucks to Green Mountain Power

The Lion Electric Company revealed on Friday that it is preparing to deliver two of its all-electric trucks to Green Mountain Power (GMP)...

Digital Realty [NYSE: DLR] Considering Developing 64 MW Facility in South Korea

Digital Realty Trust, Inc. has shown its intention to build the 64-megawatt facility in Seoul, South Korea. The firm has decided that the...

Why Shares of IZEA Worldwide [NASDAQ: IZEA] Skyrocketing Today?

Shares of IZEA Worldwide, Inc. surged 8.10% at the time of writing on Wednesday. The strong performance of the firm has highlighted the...

Edgewell Personal Care Company [NYSE: EPC] disclosed Tuesday its plan to acquire a premier men’s grooming company in the US, CREMO. The company has signed a definitive agreement to buy CREMO at a purchase price of $235 million.

The acquisition will add value to the portfolio of Edgewell by providing unique service to specific user profiles of brands such as Jack Black and Bulldog. It also plays a very important role in the company’s penetration in the most attractive growth categories within men’s grooming.

Shares of Edgewell soared 3.18%, or up +0.95 during the trading of Monday. It has a day low and high range of $29.61-$31.02, respectively. Edgewell had a trading volume of 654.19K as compared to the average volume of 615.85K.

In the past 52-weeks of trading, this company’s stocks have changed between the low range of $20.51 and a high of $38.97. It has moved up 50.37% from 52-weeks low range and moved down -20.86% from its 52-weeks high range.

If we look at its profitability, its return on assets (ROA) is -11.20%, return on investment (ROI) is -14.60% and return on equity (ROE) is 28.30%. Edgewell has reported the sales of 2.11 billion.

Its Gross Margin is 45.80%, Profit Margin is -17.90% and an Operating Margin is -19.10%. This company’s market capitalization is 1.66 billion.

Turing our focus on liquidity, its current ratio is 2.00 and the quick ratio is 1.30. Companies’ Total debt to equity ratio is 0.83 and the long term debt to equity ratio is 0.82.

The deal between two companies will be anticipated to close in the 2021 quarter one. Edgewell President and CEO, Rod Little said that men’s grooming category is the main focus of Edgewell. This acquisition helps the company to strengthen its position in men’s grooming categories.

More articles

Latest article

BIT Mining [NYSE: BTCM] Ink Purchase Agreement to Buy Bitcoin Mining Machine

BIT Mining Limited has inked a purchase agreement to increase the fleet of bitcoin mining machines. As per the new purchase agreement, the...

Dyadic International [NASDAQ: DYAI] Inks Licensing Agreement with the Rubic Consortium

Dyadic International, Inc. disclosed that it has inked a COVID-19 vaccine technology transfer and licensing agreement with the Rubic Consortium. It has been...

Binance, FTX Cut Leverage Limits on Crypto Futures Trading to 20x

Two major cryptocurrency trading platforms Binance Futures and FTX disclosed on Monday that they both have made a remarkable decision related to the crypto...

TD Holdings [NASDAQ: GLG] Inks Letter of Intent with Guangdong Jinbochuang

TD Holdings, Inc. has inked a letter of intent (LOI) with Guangdong Jinbochuang Special Purpose Vehicle Co., Ltd. and (Jinbochuang) and Hunan Jinmeike...

ASGN [NYSE: ASGN] Acquire IndraSoft Inc

ASGN Incorporated disclosed that it has acquired IndraSoft Inc. IndraSoft Inc has gained recognition as a prominent cybersecurity and digital transformation solutions offeror...

Link Reservations Decides to Accept Bitcoin/Crypto Payments

Link Reservations Inc disclosed Friday that it has decided to start accepting Bitcoin and cryptocurrency payments. This is the major breakthrough for the firm...

Athene [NYSE: ATH] Announces Acquisition of Foundation Home Loans

Athene Holding Ltd. disclosed on Thursday that it has inked a definitive agreement to purchase Foundation Home Loans (FHL). FHL had a £3...

Ping [NYSE: PING] and Anexinet Announces Partnership

Ping Identity Holding Corp. and Anexinet Corporation have both entered into a partnership agreement. The collaboration will integrate Ping Identity’s centralized Identity Access...