William Blair Weighs in on Prestige Brand Holdings, Inc.’s Q2 2018 Earnings (PBH)
Prestige Brand Holdings, Inc. (NYSE:PBH) – Research analysts at William Blair cut their Q2 2018 earnings estimates for Prestige Brand Holdings in a research report issued to clients and investors on Thursday. William Blair analyst J. Andersen now anticipates that the company will post earnings of $0.66 per share for the quarter, down from their prior estimate of $0.68. William Blair also issued estimates for Prestige Brand Holdings’ Q3 2018 earnings at $0.71 EPS, Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.68 EPS and FY2019 earnings at $2.88 EPS.
Prestige Brand Holdings (NYSE:PBH) last released its earnings results on Thursday, August 3rd. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Prestige Brand Holdings had a return on equity of 16.06% and a net margin of 11.70%. The firm had revenue of $256.57 million for the quarter, compared to analyst estimates of $255.64 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 22.4% on a year-over-year basis.
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PBH has been the topic of a number of other research reports. BidaskClub upgraded Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 17th. Raymond James Financial, Inc. upgraded Prestige Brand Holdings from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research report on Monday, May 22nd. Jefferies Group LLC reduced their price target on Prestige Brand Holdings from $49.00 to $45.00 and set an “underperform” rating on the stock in a research report on Friday, May 12th. DA Davidson reiterated a “buy” rating and issued a $79.00 price target on shares of Prestige Brand Holdings in a research report on Monday, May 8th. Finally, Zacks Investment Research lowered Prestige Brand Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $63.71.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wesbanco Bank Inc. increased its position in shares of Prestige Brand Holdings by 9.7% in the first quarter. Wesbanco Bank Inc. now owns 59,672 shares of the company’s stock worth $3,315,000 after buying an additional 5,255 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Prestige Brand Holdings by 63.3% in the first quarter. Russell Investments Group Ltd. now owns 253,576 shares of the company’s stock worth $14,089,000 after buying an additional 98,309 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Prestige Brand Holdings by 4.2% in the first quarter. Glen Harbor Capital Management LLC now owns 10,332 shares of the company’s stock worth $574,000 after buying an additional 420 shares in the last quarter. Dock Street Asset Management Inc. acquired a new position in shares of Prestige Brand Holdings during the first quarter worth about $1,237,000. Finally, Acadian Asset Management LLC increased its position in shares of Prestige Brand Holdings by 463.2% in the first quarter. Acadian Asset Management LLC now owns 554,077 shares of the company’s stock worth $30,788,000 after buying an additional 455,704 shares in the last quarter. 98.19% of the stock is currently owned by institutional investors.
Prestige Brand 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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