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.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/07/william-blair-weighs-in-on-prestige-brand-holdings-inc-s-q2-2018-earnings-pbh.html.

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.

Earnings History and Estimates for Prestige Brand Holdings (NYSE:PBH)

Receive News & Ratings for Prestige Brand Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Brand Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.