Q2 2017 EPS Estimates for Prestige Brands Holdings Inc. Lowered by Analyst (PBH)
Prestige Brands Holdings Inc. (NYSE:PBH) – Stock analysts at William Blair cut their Q2 2017 EPS estimates for shares of Prestige Brands Holdings in a research note issued to investors on Tuesday. William Blair analyst J. Andersen now forecasts that the firm will post earnings per share of $0.62 for the quarter, down from their prior forecast of $0.64. William Blair also issued estimates for Prestige Brands Holdings’ FY2017 earnings at $2.36 EPS and FY2018 earnings at $2.52 EPS.
Several other equities research analysts also recently weighed in on the stock. Sidoti raised shares of Prestige Brands Holdings from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Friday, August 12th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Prestige Brands Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Jefferies Group reaffirmed a “sell” rating on shares of Prestige Brands Holdings in a research note on Monday, August 1st. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Prestige Brands Holdings in a research note on Wednesday, July 6th. Finally, B. Riley reaffirmed a “focus list” rating and issued a $70.00 price target on shares of Prestige Brands Holdings in a research note on Monday, June 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $59.67.
Shares of Prestige Brands Holdings (NYSE:PBH) traded up 0.15% during midday trading on Wednesday, hitting $46.98. 173,187 shares of the stock were exchanged. The firm’s 50 day moving average is $48.57 and its 200-day moving average is $52.99. Prestige Brands Holdings has a 1-year low of $43.40 and a 1-year high of $58.09. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 36.39 and a beta of 1.64.
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Prestige Brands Holdings (NYSE:PBH) last issued its earnings results on Thursday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. The company had revenue of $209.60 million for the quarter, compared to analysts’ expectations of $208.18 million. Prestige Brands Holdings had a net margin of 8.28% and a return on equity of 16.50%. Prestige Brands Holdings’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invictus RG boosted its position in Prestige Brands Holdings by 325.2% in the second quarter. Invictus RG now owns 1,875 shares of the company’s stock valued at $104,000 after buying an additional 1,434 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in Prestige Brands Holdings by 39.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,223 shares of the company’s stock valued at $119,000 after buying an additional 634 shares during the period. Sei Investments Co. boosted its position in Prestige Brands Holdings by 129.7% in the second quarter. Sei Investments Co. now owns 3,151 shares of the company’s stock valued at $174,000 after buying an additional 1,779 shares during the period. Advisor Group Inc. purchased a new position in Prestige Brands Holdings during the second quarter valued at $182,000. Finally, LS Investment Advisors LLC boosted its position in Prestige Brands Holdings by 68.5% in the second quarter. LS Investment Advisors LLC now owns 3,482 shares of the company’s stock valued at $193,000 after buying an additional 1,416 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.
Prestige Brands Holdings Company Profile
Prestige Brands Holdings, Inc is engaged in the marketing, sales and distribution of over-the-counter healthcare and household cleaning products. The Company operates through three segments: North American Over-the-Counter (OTC) Healthcare; International Over-the-Counter Healthcare, and Household Cleaning.
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