Equities research analysts expect Prestige Brands Holdings, Inc. (NYSE:PBH) to report earnings of $0.61 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Prestige Brands’ earnings, with estimates ranging from $0.61 to $0.62. Prestige Brands posted earnings of $0.54 per share during the same quarter last year, which indicates a positive year over year growth rate of 13%. The firm is expected to report its next earnings report on Thursday, May 10th.
On average, analysts expect that Prestige Brands will report full year earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.58 to $2.60. For the next year, analysts expect that the company will post earnings of $3.06 per share, with EPS estimates ranging from $2.77 to $3.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Prestige Brands.
Prestige Brands (NYSE:PBH) last issued its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, meeting the consensus estimate of $0.70. Prestige Brands had a net margin of 38.05% and a return on equity of 14.14%. The business had revenue of $270.62 million for the quarter, compared to analyst estimates of $270.25 million. During the same period in the previous year, the business earned $0.61 EPS. The firm’s revenue was up 24.8% on a year-over-year basis.
PBH has been the topic of several recent research reports. William Blair upgraded shares of Prestige Brands from a “market perform” rating to an “outperform” rating in a research report on Monday, December 4th. Zacks Investment Research upgraded shares of Prestige Brands from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. DA Davidson reissued a “buy” rating and set a $79.00 price target on shares of Prestige Brands in a report on Monday, December 18th. BMO Capital Markets raised shares of Prestige Brands from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 15th. Finally, TD Securities reissued a “buy” rating and set a $125.00 price target on shares of Prestige Brands in a report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.50.
In other news, CEO Ronald M. Lombardi purchased 7,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average cost of $35.94 per share, with a total value of $251,580.00. Following the acquisition, the chief executive officer now directly owns 138,969 shares of the company’s stock, valued at approximately $4,994,545.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary E. Costley purchased 7,500 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $35.47 per share, with a total value of $266,025.00. Following the completion of the acquisition, the director now directly owns 11,097 shares in the company, valued at $393,610.59. The disclosure for this purchase can be found here. Insiders have purchased a total of 19,000 shares of company stock valued at $679,575 over the last three months. 0.98% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised 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 worth $117,000 after acquiring an additional 1,055 shares during the last quarter. Zions Bancorporation bought a new position in shares of Prestige Brands in the third quarter worth about $165,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Prestige Brands in the third quarter worth about $215,000. D.A. Davidson & CO. bought a new position in shares of Prestige Brands in the fourth quarter worth about $240,000. Finally, Eqis Capital Management Inc. bought a new position in shares of Prestige Brands in the third quarter worth about $242,000.
Shares of Prestige Brands (PBH) traded up $0.15 during trading on Friday, hitting $35.15. 525,025 shares of the stock traded hands, compared to its average volume of 1,211,528. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.43 and a current ratio of 2.19. Prestige Brands has a 1-year low of $32.46 and a 1-year high of $59.63. The firm has a market cap of $1,856.36, a price-to-earnings ratio of 4.82, a P/E/G ratio of 1.43 and a beta of 1.06.
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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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