Prestige Brand Holdings, Inc. (PBH) Releases FY18 Earnings Guidance
Prestige Brand Holdings, Inc. (NYSE:PBH) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.58-2.68 for the period, compared to the Thomson Reuters consensus estimate of $2.64. The company issued revenue guidance of +18-20% to ~$1.04-1.06 billion, compared to the consensus revenue estimate of $1.05 billion.
Prestige Brand Holdings (NYSE:PBH) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.05). The firm had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $267.12 million. Prestige Brand Holdings had a net margin of 11.70% and a return on equity of 16.06%. Prestige Brand Holdings’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS.
Several research analysts recently commented on the company. Zacks Investment Research cut Prestige Brand Holdings from a buy rating to a hold rating in a research note on Thursday, October 19th. KeyCorp set a $61.00 target price on Prestige Brand Holdings and gave the stock a buy rating in a research note on Monday, October 16th. DA Davidson set a $79.00 target price on Prestige Brand Holdings and gave the stock a buy rating in a research note on Thursday, October 12th. Jefferies Group LLC reissued a hold rating and set a $55.00 target price (up from $54.00) on shares of Prestige Brand Holdings in a research note on Monday, October 2nd. Finally, BidaskClub raised Prestige Brand Holdings from a strong sell rating to a sell rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Prestige Brand Holdings currently has a consensus rating of Buy and an average target price of $64.14.
In other news, SVP Jean A. Boyko sold 12,876 shares of the company’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 of the company’s stock, valued at approximately $1,384,619.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.98% of the company’s stock.
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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