Prestige Brands Holdings, Inc. (PBH) Expected to Announce Quarterly Sales of $270.13 Million

Equities analysts predict that Prestige Brands Holdings, Inc. (NYSE:PBH) will post sales of $270.13 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Prestige Brands’ earnings, with the lowest sales estimate coming in at $268.00 million and the highest estimate coming in at $274.00 million. Prestige Brands posted sales of $216.76 million during the same quarter last year, which suggests a positive year-over-year growth rate of 24.6%. The company is scheduled to report its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Prestige Brands will report full-year sales of $270.13 million for the current financial year, with estimates ranging from $1.04 billion to $1.06 billion. For the next financial year, analysts expect that the business will post sales of $1.07 billion per share, with estimates ranging from $1.06 billion to $1.08 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Prestige Brands.

Prestige Brands (NYSE:PBH) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). The business had revenue of $258.00 million for the quarter, compared to analyst estimates of $267.12 million. Prestige Brands had a return on equity of 15.32% and a net margin of 11.03%. Prestige Brands’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS.

PBH has been the topic of several research reports. William Blair raised Prestige Brands from a “market perform” rating to an “outperform” rating in a research report on Monday, December 4th. BMO Capital Markets raised Prestige Brands from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 15th. KeyCorp set a $61.00 target price on Prestige Brands and gave the company a “buy” rating in a research report on Monday, October 16th. DA Davidson set a $79.00 target price on Prestige Brands and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, TD Securities reaffirmed a “buy” rating and issued a $125.00 target price on shares of Prestige Brands in a research report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Prestige Brands has an average rating of “Buy” and an average target price of $77.75.

Prestige Brands (PBH) opened at $44.20 on Friday. The firm has a market capitalization of $2,310.37, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 1.77 and a beta of 1.19. The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 2.34. Prestige Brands has a 12-month low of $40.11 and a 12-month high of $59.63.

Several institutional investors have recently bought and sold shares of PBH. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Prestige Brands by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock valued at $110,000 after purchasing an additional 205 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Prestige Brands by 90.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock valued at $117,000 after buying an additional 1,055 shares during the period. Advisor Group Inc. boosted its stake in shares of Prestige Brands by 33.2% in the second quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock valued at $120,000 after buying an additional 570 shares during the period. Zions Bancorporation bought a new stake in shares of Prestige Brands in the third quarter valued at approximately $165,000. Finally, Riverhead Capital Management LLC boosted its stake in shares of Prestige Brands by 78.6% in the second quarter. Riverhead Capital Management LLC now owns 3,394 shares of the company’s stock valued at $179,000 after buying an additional 1,494 shares during the period. 98.56% of the stock is currently owned by institutional investors.

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Prestige Brands 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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Earnings History and Estimates for Prestige Brands (NYSE:PBH)

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