Sidoti Downgrades Prestige Brands Holdings to Neutral (PBH)
Prestige Brands Holdings (NYSE:PBH) was downgraded by equities research analysts at Sidoti from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
Prestige Brands Holdings (NYSE:PBH) traded down 4.07% during mid-day trading on Wednesday, hitting $34.37. 130,540 shares of the company’s stock traded hands. Prestige Brands Holdings has a 1-year low of $24.94 and a 1-year high of $36.69. The stock’s 50-day moving average is $33.07 and its 200-day moving average is $31.19. The company has a market cap of $1.786 billion and a price-to-earnings ratio of 27.35.
Prestige Brands Holdings (NYSE:PBH) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $145.70 million for the quarter, compared to the consensus estimate of $143.20 million. During the same quarter last year, the company posted $0.40 earnings per share. Prestige Brands Holdings’s revenue was up 2.2% compared to the same quarter last year. Analysts expect that Prestige Brands Holdings will post $1.80 EPS for the current fiscal year.
Prestige Brands Holdings, Inc (NYSE:PBH) is a holding company.
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