Zacks: Brokerages Expect Prestige Brands (PBH) to Post $0.61 EPS

Equities research analysts forecast that Prestige Brands (NYSE:PBH) will post $0.61 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Prestige Brands’ earnings. The lowest EPS estimate is $0.61 and the highest is $0.62. Prestige Brands posted earnings per share of $0.54 in the same quarter last year, which suggests a positive year over year growth rate of 13%. The company is expected to issue its next earnings results before the market opens on Thursday, May 10th.

According to Zacks, analysts expect that Prestige Brands will report full-year earnings of $2.58 per share for the current financial year, with EPS estimates ranging from $2.58 to $2.60. For the next year, analysts expect that the firm will report earnings of $3.05 per share, with EPS estimates ranging from $2.77 to $3.30. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Prestige Brands.

How to Become a New Pot Stock Millionaire

Prestige Brands (NYSE:PBH) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. Prestige Brands had a return on equity of 14.14% and a net margin of 38.05%. The company had revenue of $270.62 million for the quarter, compared to analyst estimates of $270.25 million. During the same period last year, the company earned $0.61 earnings per share. Prestige Brands’s quarterly revenue was up 24.8% compared to the same quarter last year.

A number of brokerages have recently issued reports on PBH. ValuEngine lowered Prestige Brands from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. TheStreet lowered Prestige Brands from a “b-” rating to a “c+” rating in a research note on Friday, February 9th. DA Davidson lowered Prestige Brands from a “buy” rating to a “neutral” rating and set a $79.00 price target on the stock. in a research note on Friday, February 2nd. KeyCorp lowered their price target on Prestige Brands from $54.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, February 5th. Finally, Zacks Investment Research raised Prestige Brands from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $75.29.

In other Prestige Brands news, Director Natale S. Ricciardi bought 3,000 shares of Prestige Brands stock in a transaction on Wednesday, February 7th. The shares were bought at an average price of $37.04 per share, for a total transaction of $111,120.00. Following the completion of the transaction, the director now directly owns 7,806 shares of the company’s stock, valued at $289,134.24. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ronald M. Lombardi bought 7,000 shares of Prestige Brands stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $35.94 per share, for a total transaction of $251,580.00. Following the transaction, the chief executive officer now directly owns 138,969 shares of the company’s stock, valued at $4,994,545.86. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 19,000 shares of company stock worth $679,575. 0.98% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. D.A. Davidson & CO. purchased a new stake in Prestige Brands in the fourth quarter valued at $240,000. Gator Capital Management LLC purchased a new stake in Prestige Brands in the fourth quarter valued at $263,000. Mutual Advisors LLC purchased a new stake in Prestige Brands in the fourth quarter valued at $273,000. First Trust Advisors LP purchased a new stake in Prestige Brands in the fourth quarter valued at $313,000. Finally, ING Groep NV raised its position in Prestige Brands by 23.3% in the fourth quarter. ING Groep NV now owns 8,003 shares of the company’s stock valued at $355,000 after purchasing an additional 1,512 shares during the period.

Shares of NYSE:PBH opened at $31.21 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.43 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $1,687.70, a PE ratio of 12.68, a PEG ratio of 1.10 and a beta of 1.16. Prestige Brands has a 1 year low of $31.18 and a 1 year high of $58.22.

WARNING: This piece was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/19/zacks-brokerages-expect-prestige-brands-pbh-to-post-0-61-eps.html.

Prestige Brands Company Profile

Prestige Brands Holdings, Inc, through its subsidiaries, markets, sells, manufactures, and distributes over-the-counter (OTC) healthcare and household cleaning products in North America, Australia, and internationally. It operates through North American OTC Healthcare, International OTC Healthcare, and Household Cleaning segments.

Get a free copy of the Zacks research report on Prestige Brands (PBH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Prestige Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply