Brokerages forecast that Prestige Brand Holdings, Inc. (NYSE:PBH) will report $270.13 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Prestige Brand’s earnings, with estimates ranging from $268.00 million to $274.00 million. Prestige Brand reported sales of $216.76 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.6%. The business is scheduled to report its next earnings report on Thursday, February 1st.
On average, analysts expect that Prestige Brand 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 anticipate that the company will post sales of $1.07 billion per share, with estimates ranging from $1.06 billion to $1.08 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Prestige Brand.
Prestige Brand (NYSE:PBH) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.05). The business had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $267.12 million. Prestige Brand had a return on equity of 15.32% and a net margin of 11.03%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
PBH has been the topic of a number of analyst reports. TD Securities reaffirmed a “buy” rating and set a $125.00 price objective on shares of Prestige Brand in a research note on Thursday, November 23rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Prestige Brand in a research note on Thursday, November 23rd. KeyCorp set a $61.00 target price on Prestige Brand and gave the company a “buy” rating in a report on Monday, October 16th. DA Davidson set a $79.00 price objective on Prestige Brand and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, Zacks Investment Research upgraded Prestige Brand from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $77.75.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Capstone Asset Management Co. raised its holdings in shares of Prestige Brand by 1.2% in the 2nd quarter. Capstone Asset Management Co. now owns 6,106 shares of the company’s stock worth $322,000 after acquiring an additional 70 shares during the last quarter. LS Investment Advisors LLC grew its position in shares of Prestige Brand by 16.4% during the 2nd quarter. LS Investment Advisors LLC now owns 4,472 shares of the company’s stock valued at $236,000 after acquiring an additional 630 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Prestige Brand by 3.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the company’s stock worth $729,000 after buying an additional 400 shares during the period. State Treasurer State of Michigan boosted its holdings in Prestige Brand by 1.4% in the 2nd quarter. State Treasurer State of Michigan now owns 21,800 shares of the company’s stock worth $1,151,000 after buying an additional 300 shares during the period. Finally, ING Groep NV bought a new position in Prestige Brand in the 2nd quarter worth approximately $340,000. 98.56% of the stock is currently owned by institutional investors and hedge funds.
Prestige Brand (NYSE PBH) traded up $0.06 during trading hours on Friday, reaching $46.86. The company’s stock had a trading volume of 448,147 shares, compared to its average volume of 426,614. The stock has a market capitalization of $2,528.36, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.06 and a quick ratio of 1.32. Prestige Brand has a 1 year low of $40.11 and a 1 year high of $59.63.
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About Prestige Brand
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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