Prestige Brand Holdings, Inc. (PBH) Releases Earnings Results, Misses Estimates By $0.05 EPS
Prestige Brand Holdings, Inc. (NYSE:PBH) issued its earnings results on Wednesday. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05), Bloomberg Earnings reports. Prestige Brand Holdings had a return on equity of 16.06% and a net margin of 11.70%. The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $267.12 million. During the same quarter in the prior year, the company posted $0.63 EPS. Prestige Brand Holdings’s revenue was up 19.9% compared to the same quarter last year.
A number of equities analysts recently weighed in on PBH shares. Zacks Investment Research lowered shares of Prestige Brand Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. KeyCorp set a $61.00 price objective on shares of Prestige Brand Holdings and gave the company a “buy” rating in a research report on Monday, October 16th. DA Davidson set a $79.00 price objective on shares of Prestige Brand Holdings and gave the company a “buy” rating in a research report on Thursday, October 12th. BidaskClub lowered shares of Prestige Brand Holdings from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $54.00 price objective on shares of Prestige Brand Holdings in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $64.14.
In other Prestige Brand Holdings news, SVP Jean A. Boyko sold 12,876 shares of Prestige Brand Holdings stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $52.12, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.98% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/11/02/prestige-brand-holdings-inc-pbh-releases-earnings-results-misses-estimates-by-0-05-eps.html.
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.
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.