Jefferies Group Weighs in on Prestige Brand Holdings, Inc.’s Q3 2018 Earnings (PBH)
Prestige Brand Holdings, Inc. (NYSE:PBH) – Stock analysts at Jefferies Group decreased their Q3 2018 earnings estimates for shares of Prestige Brand Holdings in a research report issued to clients and investors on Monday. Jefferies Group analyst S. Wissink now expects that the company will post earnings per share of $0.67 for the quarter, down from their prior estimate of $0.72. Jefferies Group has a “Hold” rating and a $55.00 price target on the stock. Jefferies Group also issued estimates for Prestige Brand Holdings’ Q1 2019 earnings at $0.71 EPS and FY2019 earnings at $2.90 EPS.
PBH has been the topic of several other research reports. BidaskClub raised shares of Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded shares of Prestige Brand Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, June 7th. Finally, KeyCorp reiterated a “buy” rating and set a $61.00 price target on shares of Prestige Brand Holdings in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $64.14.
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Shares of Prestige Brand Holdings (NYSE:PBH) traded up 2.170% during midday trading on Wednesday, hitting $51.565. The stock had a trading volume of 257,334 shares. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 25.464 and a beta of 1.19. Prestige Brand Holdings has a 52 week low of $44.64 and a 52 week high of $59.63. The stock has a 50 day moving average price of $50.35 and a 200-day moving average price of $52.59.
Prestige Brand Holdings (NYSE:PBH) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $256.57 million during the quarter, compared to analyst estimates of $255.64 million. Prestige Brand Holdings had a return on equity of 16.06% and a net margin of 11.70%. The company’s revenue was up 22.4% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of PBH. BlackRock Inc. boosted its position in shares of Prestige Brand Holdings by 11,872.9% during the first quarter. BlackRock Inc. now owns 6,970,978 shares of the company’s stock worth $387,306,000 after purchasing an additional 6,912,755 shares in the last quarter. FMR LLC grew its holdings in shares of Prestige Brand Holdings by 56.7% in the 2nd quarter. FMR LLC now owns 2,565,578 shares of the company’s stock valued at $135,487,000 after buying an additional 927,927 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Prestige Brand Holdings in the 2nd quarter valued at $36,642,000. Vanguard Group Inc. grew its holdings in shares of Prestige Brand Holdings by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 5,680,475 shares of the company’s stock valued at $315,607,000 after buying an additional 607,598 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Prestige Brand Holdings by 234.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 409,596 shares of the company’s stock valued at $21,631,000 after buying an additional 287,041 shares during the period. Institutional investors own 98.56% of the company’s stock.
In other news, SVP Jean A. Boyko sold 12,876 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $52.12, for a total transaction of $671,097.12. Following the completion of the transaction, the senior vice president now directly owns 26,566 shares in the company, valued at approximately $1,384,619.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is currently owned by company insiders.
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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