Prestige Brands Holdings (PBH) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Prestige Brands Holdings (NYSE:PBH) announced its earnings results on Thursday. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.02, AnalystRatings.Net reports. The company had revenue of $144.30 million for the quarter, compared to the consensus estimate of $147.60 million.
A number of analysts have recently weighed in on PBH shares. Analysts at Jefferies Group raised their price target on shares of Prestige Brands Holdings from $26.00 to $27.00 in a research note on Monday, April 28th. They now have a “hold” rating on the stock. On a related note, analysts at B. Riley raised their price target on shares of Prestige Brands Holdings from $43.00 to $57.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Prestige Brands Holdings from $32.00 to $37.00 in a research note on Monday, April 28th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Prestige Brands Holdings presently has a consensus rating of “Buy” and an average target price of $36.70.
Shares of Prestige Brands Holdings (NYSE:PBH) opened at 33.17 on Thursday. Prestige Brands Holdings has a 52 week low of $24.94 and a 52 week high of $36.69. The stock has a 50-day moving average of $29.56 and a 200-day moving average of $31.18. The company has a market cap of $1.718 billion and a P/E ratio of 23.04.
Prestige Brands Holdings, Inc (NYSE:PBH) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.