$268.10 Million in Sales Expected for Prestige Brand Holdings, Inc. (PBH) This Quarter
Equities analysts predict that Prestige Brand Holdings, Inc. (NYSE:PBH) will announce sales of $268.10 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Prestige Brand Holdings’ earnings. The lowest sales estimate is $267.00 million and the highest is $269.30 million. Prestige Brand Holdings posted sales of $215.05 million during the same quarter last year, which would indicate a positive year over year growth rate of 24.7%. The business is scheduled to issue its next earnings report before the market opens on Thursday, November 2nd.
On average, analysts expect that Prestige Brand Holdings will report full-year sales of $268.10 million for the current year. For the next year, analysts forecast that the company will post sales of $1.07 billion per share, with estimates ranging from $1.07 billion to $1.08 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Prestige Brand Holdings.
Prestige Brand Holdings (NYSE:PBH) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $256.57 million for 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%. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS.
Several equities analysts have recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating and set a $54.00 target price on shares of Prestige Brand Holdings in a research note on Wednesday, August 16th. Zacks Investment Research lowered Prestige Brand Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. KeyCorp set a $61.00 price target on Prestige Brand Holdings and gave the company a “buy” rating in a research report on Monday, October 16th. BidaskClub upgraded Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, DA Davidson set a $79.00 price target on Prestige Brand Holdings and gave the company a “buy” rating in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Prestige Brand Holdings presently has an average rating of “Buy” and an average price target of $64.14.
In related news, SVP Jean A. Boyko sold 12,876 shares of Prestige Brand Holdings stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $52.12, for a total transaction of $671,097.12. Following the sale, the senior vice president now directly owns 26,566 shares in the company, valued at $1,384,619.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.98% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Eagle Boston Investment Management Inc. boosted its holdings in Prestige Brand Holdings by 1.6% in the second quarter. Eagle Boston Investment Management Inc. now owns 160,662 shares of the company’s stock worth $8,484,000 after acquiring an additional 2,504 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Prestige Brand Holdings by 3.2% in the second quarter. Principal Financial Group Inc. now owns 787,926 shares of the company’s stock worth $41,611,000 after acquiring an additional 24,343 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Prestige Brand Holdings by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 642,408 shares of the company’s stock worth $33,924,000 after acquiring an additional 4,110 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Prestige Brand Holdings by 3.0% in the second quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the company’s stock worth $729,000 after acquiring an additional 400 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in Prestige Brand Holdings by 2.8% in the second quarter. Eagle Asset Management Inc. now owns 1,378,846 shares of the company’s stock worth $72,816,000 after acquiring an additional 37,849 shares in the last quarter. 98.56% of the stock is currently owned by institutional investors and hedge funds.
Prestige Brand Holdings (NYSE:PBH) opened at 47.72 on Wednesday. Prestige Brand Holdings has a 12-month low of $44.64 and a 12-month high of $59.63. The company has a market capitalization of $2.53 billion, a PE ratio of 23.57 and a beta of 1.19. The firm’s 50 day moving average price is $49.26 and its 200-day moving average price is $51.75.
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About Prestige Brand Holdings
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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