Equities research analysts expect Prestige Brands (NYSE:PBH) to report $253.13 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Prestige Brands’ earnings, with the highest sales estimate coming in at $255.30 million and the lowest estimate coming in at $249.30 million. Prestige Brands reported sales of $256.57 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.3%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 2nd.
On average, analysts expect that Prestige Brands will report full year sales of $1.05 billion for the current year, with estimates ranging from $1.05 billion to $1.06 billion. For the next year, analysts forecast that the firm will report sales of $1.07 billion per share, with estimates ranging from $1.06 billion to $1.08 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Prestige Brands.
Prestige Brands (NYSE:PBH) last announced its quarterly earnings data on Thursday, May 10th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Prestige Brands had a return on equity of 13.33% and a net margin of 32.61%. The business had revenue of $256.00 million during the quarter, compared to the consensus estimate of $255.61 million. During the same period in the prior year, the company earned $0.54 EPS. Prestige Brands’s revenue for the quarter was up 6.4% on a year-over-year basis.
Several brokerages recently weighed in on PBH. DA Davidson downgraded Prestige Brands from a “buy” rating to a “neutral” rating and set a $79.00 price objective for the company. in a research report on Friday, February 2nd. KeyCorp lowered their target price on Prestige Brands from $54.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, February 5th. Zacks Investment Research cut Prestige Brands from a “hold” rating to a “sell” rating in a report on Friday, May 11th. TheStreet cut Prestige Brands from a “b-” rating to a “c+” rating in a report on Friday, February 9th. Finally, ValuEngine cut Prestige Brands from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Prestige Brands presently has an average rating of “Hold” and an average target price of $71.00.
Shares of PBH stock opened at $33.17 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 2.46 and a debt-to-equity ratio of 1.69. Prestige Brands has a twelve month low of $27.84 and a twelve month high of $53.90. The firm has a market cap of $1.82 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 1.33 and a beta of 1.18.
In other Prestige Brands news, SVP Jean A. Boyko sold 20,528 shares of the company’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $36.91, for a total value of $757,688.48. Following the completion of the transaction, the senior vice president now owns 21,960 shares of the company’s stock, valued at approximately $810,543.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.98% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. ING Groep NV increased its stake in shares of 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 buying an additional 1,512 shares during the period. Aperio Group LLC increased its stake in shares of Prestige Brands by 7.5% in the fourth quarter. Aperio Group LLC now owns 30,110 shares of the company’s stock valued at $1,337,000 after buying an additional 2,094 shares during the period. Victory Capital Management Inc. increased its stake in shares of Prestige Brands by 37.8% in the first quarter. Victory Capital Management Inc. now owns 7,922 shares of the company’s stock valued at $267,000 after buying an additional 2,175 shares during the period. Swiss National Bank increased its stake in shares of Prestige Brands by 3.3% in the fourth quarter. Swiss National Bank now owns 91,500 shares of the company’s stock valued at $4,064,000 after buying an additional 2,900 shares during the period. Finally, Washington Capital Management Inc. increased its stake in shares of Prestige Brands by 38.1% in the fourth quarter. Washington Capital Management Inc. now owns 11,050 shares of the company’s stock valued at $491,000 after buying an additional 3,050 shares during the period.
About Prestige Brands
Prestige Brands Holdings, Inc, together with its subsidiaries, develops, manufactures, markets, distributes, and sells over-the-counter (OTC) healthcare and household cleaning products in North America, Australia, and internationally. It operates in three segments: North American OTC Healthcare, International OTC Healthcare, and Household Cleaning.
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