$270.13 Million in Sales Expected for Prestige Brands Holdings, Inc. (PBH) This Quarter

Equities analysts expect that Prestige Brands Holdings, Inc. (NYSE:PBH) will post $270.13 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Prestige Brands’ earnings. The lowest sales estimate is $268.00 million and the highest is $274.00 million. Prestige Brands reported sales of $216.76 million in the same quarter last year, which indicates a positive year over year growth rate of 24.6%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, February 1st.

On average, analysts expect that Prestige Brands will report full-year sales of $270.13 million for the current year, with estimates ranging from $1.04 billion to $1.06 billion. For the next year, analysts forecast that the firm 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 calculations are a mean average based on a survey of research firms that follow Prestige Brands.

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

A number of equities analysts have issued reports on PBH shares. Zacks Investment Research downgraded shares of Prestige Brands from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. DA Davidson set a $79.00 price objective on Prestige Brands and gave the company a “buy” rating in a research note on Thursday, October 12th. BMO Capital Markets upgraded Prestige Brands from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 15th. KeyCorp set a $61.00 price objective on Prestige Brands and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Jefferies Group lowered their price objective on Prestige Brands from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $77.75.

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Prestige Brands by 90.4% during 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. increased its position in shares of Prestige Brands by 33.2% during 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 during the third quarter valued at about $165,000. Riverhead Capital Management LLC increased its position in shares of Prestige Brands by 78.6% during 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. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Prestige Brands during the third quarter valued at about $215,000.

Prestige Brands (NYSE:PBH) opened at $45.50 on Tuesday. 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 stock has a market cap of $2,417.51, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 1.85 and a beta of 1.19. Prestige Brands has a fifty-two week low of $40.11 and a fifty-two week high of $59.63.

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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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