Equities research analysts forecast that Prestige Brand Holdings, Inc. (NYSE:PBH) will announce $268.07 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Prestige Brand Holdings’ earnings. The lowest sales estimate is $266.84 million and the highest is $269.30 million. Prestige Brand Holdings reported sales of $215.05 million in the same quarter last year, which would suggest a positive year over year growth rate of 24.7%. The business is expected to report its next earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Prestige Brand Holdings will report full-year sales of $268.07 million for the current financial year. For the next financial year, analysts forecast that the company will report sales of $1.07 billion per share, with estimates ranging from $1.07 billion to $1.08 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Prestige Brand Holdings.

Prestige Brand Holdings (NYSE:PBH) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.03. The firm had revenue of $256.57 million during the quarter, compared to analysts’ expectations of $255.64 million. Prestige Brand Holdings had a return on equity of 16.06% and a net margin of 11.70%. Prestige Brand Holdings’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 earnings per share.

A number of brokerages have issued reports on PBH. Jefferies Group LLC reiterated a “hold” rating and set a $54.00 price target on shares of Prestige Brand Holdings in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Prestige Brand Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Wednesday. BidaskClub upgraded Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $64.14.

Prestige Brand Holdings (PBH) opened at 50.49 on Friday. The firm has a 50-day moving average price of $50.27 and a 200 day moving average price of $52.57. The stock has a market cap of $2.68 billion, a PE ratio of 24.93 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.

In other news, SVP Jean A. Boyko sold 12,876 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $52.12, for a total value of $671,097.12. Following the sale, the senior vice president now owns 26,566 shares of the company’s stock, valued at approximately $1,384,619.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.98% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Eagle Boston Investment Management Inc. raised its stake in shares of Prestige Brand Holdings by 1.6% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 160,662 shares of the company’s stock worth $8,484,000 after buying an additional 2,504 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Prestige Brand Holdings by 3.2% in the 2nd quarter. Principal Financial Group Inc. now owns 787,926 shares of the company’s stock worth $41,611,000 after buying an additional 24,343 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Prestige Brand Holdings by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 642,408 shares of the company’s stock worth $33,924,000 after buying an additional 4,110 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Prestige Brand Holdings by 3.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the company’s stock worth $729,000 after buying an additional 400 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of Prestige Brand Holdings by 2.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,378,846 shares of the company’s stock worth $72,816,000 after buying an additional 37,849 shares in the last quarter. 98.56% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Analysts Expect Prestige Brand Holdings, Inc. (PBH) Will Post Quarterly Sales of $268.07 Million” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/06/analysts-expect-prestige-brand-holdings-inc-pbh-will-post-quarterly-sales-of-268-07-million.html.

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.

Get a free copy of the Zacks research report on Prestige Brand Holdings (PBH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.