Zacks: Brokerages Anticipate Prestige Brands Holdings, Inc. (PBH) to Announce $0.69 Earnings Per Share

Equities research analysts forecast that Prestige Brands Holdings, Inc. (NYSE:PBH) will report $0.69 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Prestige Brands’ earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $0.72. Prestige Brands reported earnings per share of $0.61 in the same quarter last year, which suggests a positive year over year growth rate of 13.1%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, February 1st.

According to Zacks, analysts expect that Prestige Brands will report full year earnings of $2.62 per share for the current year, with EPS estimates ranging from $2.59 to $2.65. For the next year, analysts anticipate that the business will post earnings of $2.84 per share, with EPS estimates ranging from $2.78 to $2.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Prestige Brands.

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

PBH has been the subject of a number of research reports. Zacks Investment Research lowered Prestige Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. BMO Capital Markets reiterated a “buy” rating and issued a $118.00 price objective on shares of Prestige Brands in a research report on Thursday, November 23rd. DA Davidson set a $79.00 price objective on Prestige Brands and gave the stock a “buy” rating in a research report on Thursday, October 12th. Jefferies Group lowered their price objective on Prestige Brands from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Finally, TD Securities reiterated a “buy” rating and issued a $125.00 price objective 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 given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $77.75.

Shares of Prestige Brands (PBH) traded up $0.47 during mid-day trading on Friday, reaching $45.58. The company had a trading volume of 527,745 shares, compared to its average volume of 406,744. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.32 and a current ratio of 2.06. The firm has a market capitalization of $2,417.52, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 1.85 and a beta of 1.19. Prestige Brands has a 1 year low of $40.11 and a 1 year high of $59.63.

Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Prestige Brands by 10.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock worth $110,000 after buying an additional 205 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Prestige Brands by 90.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock worth $117,000 after buying an additional 1,055 shares during the period. Advisor Group Inc. grew its position in shares of Prestige Brands by 33.2% during the 2nd quarter. Advisor Group Inc. now owns 2,285 shares of the company’s stock worth $120,000 after buying an additional 570 shares during the period. Zions Bancorporation acquired a new position in shares of Prestige Brands during the 3rd quarter worth about $165,000. Finally, Riverhead Capital Management LLC grew its position in shares of Prestige Brands by 78.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,394 shares of the company’s stock worth $179,000 after buying an additional 1,494 shares during the period.

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About Prestige Brands

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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