FY2018 EPS Estimates for Prestige Brand Holdings, Inc. Raised by Jefferies Group (PBH)

Prestige Brand Holdings, Inc. (NYSE:PBH) – Jefferies Group lifted their FY2018 earnings estimates for Prestige Brand Holdings in a research note issued on Thursday. Jefferies Group analyst S. Wissink now expects that the company will earn $2.62 per share for the year, up from their previous forecast of $2.61. Jefferies Group has a “Hold” rating and a $54.00 price target on the stock. Jefferies Group also issued estimates for Prestige Brand Holdings’ Q1 2019 earnings at $0.70 EPS and FY2019 earnings at $2.82 EPS.

Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Prestige Brand Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Raymond James Financial, Inc. upgraded shares of Prestige Brand Holdings from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a report on Monday, May 22nd. UBS AG upgraded shares of Prestige Brand Holdings from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Finally, DA Davidson reiterated a “buy” rating and issued a $79.00 price objective on shares of Prestige Brand Holdings in a report on Monday, May 8th. One 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’s stock. Prestige Brand Holdings presently has an average rating of “Buy” and an average price target of $63.71.

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Shares of Prestige Brand Holdings (PBH) traded up 0.36% during mid-day trading on Monday, reaching $52.78. 148,555 shares of the company’s stock were exchanged. Prestige Brand Holdings has a 52-week low of $44.64 and a 52-week high of $59.63. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 40.60 and a beta of 1.18. The stock’s 50-day moving average is $52.12 and its 200-day moving average is $54.10.

Prestige Brand Holdings (NYSE:PBH) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Prestige Brand Holdings had a net margin of 11.70% and a return on equity of 16.06%. The firm had revenue of $256.57 million during the quarter, compared to the consensus estimate of $255.64 million. During the same period in the prior year, the firm earned $0.59 EPS. The business’s revenue was up 22.4% on a year-over-year basis.

Several large investors have recently made changes to their positions in the stock. Teachers Advisors LLC boosted its stake in shares of Prestige Brand Holdings by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 390,828 shares of the company’s stock worth $20,362,000 after buying an additional 19,522 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Prestige Brand Holdings by 33.6% in the fourth quarter. Macquarie Group Ltd. now owns 408,005 shares of the company’s stock worth $21,257,000 after buying an additional 102,610 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Prestige Brand Holdings by 790.8% in the first quarter. Bank of Montreal Can now owns 47,550 shares of the company’s stock worth $2,642,000 after buying an additional 42,212 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Prestige Brand Holdings by 5.8% in the first quarter. Capstone Asset Management Co. now owns 6,036 shares of the company’s stock worth $335,000 after buying an additional 330 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Prestige Brand Holdings by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the company’s stock worth $745,000 after buying an additional 300 shares during the last quarter. 98.19% of the stock is owned by institutional investors.

About Prestige Brand Holdings

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.

Earnings History and Estimates for Prestige Brand Holdings (NYSE:PBH)

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