Prestige Brand Holdings, Inc. (NYSE:PBH) – Research analysts at Jefferies Group upped their Q4 2018 earnings per share (EPS) estimates for shares of Prestige Brand Holdings in a report released on Thursday. Jefferies Group analyst S. Wissink now expects that the company will post earnings of $0.65 per share for the quarter, up from their previous estimate of $0.64. Jefferies Group has a “Hold” rating and a $50.00 price objective on the stock. Jefferies Group also issued estimates for Prestige Brand Holdings’ Q2 2019 earnings at $0.67 EPS and Q3 2019 earnings at $0.72 EPS.
Prestige Brand Holdings (NYSE:PBH) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.05). The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $267.12 million. Prestige Brand Holdings had a net margin of 11.03% and a return on equity of 15.32%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share.
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Several other equities research analysts also recently issued reports on PBH. BidaskClub downgraded shares of Prestige Brand Holdings from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Prestige Brand Holdings from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, July 13th. KeyCorp reaffirmed a “buy” rating and issued a $61.00 target price on shares of Prestige Brand Holdings in a research report on Wednesday, September 6th. Finally, DA Davidson set a $79.00 target price on shares of Prestige Brand Holdings and gave the company a “buy” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.43.
Prestige Brand Holdings (NYSE PBH) traded up $0.32 on Monday, reaching $43.31. 375,897 shares of the company’s stock were exchanged, compared to its average volume of 536,594. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.32 and a current ratio of 2.06. The stock has a market capitalization of $2,280.14, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 1.61 and a beta of 1.19.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its stake in Prestige Brand Holdings by 29.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 30,280 shares of the company’s stock worth $1,682,000 after purchasing an additional 6,976 shares in the last quarter. Teachers Advisors LLC raised its stake in Prestige Brand Holdings by 3.9% in the 1st quarter. Teachers Advisors LLC now owns 406,230 shares of the company’s stock worth $22,570,000 after purchasing an additional 15,402 shares in the last quarter. Legal & General Group Plc raised its stake in Prestige Brand Holdings by 27.7% in the 1st quarter. Legal & General Group Plc now owns 34,125 shares of the company’s stock worth $1,897,000 after purchasing an additional 7,404 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in Prestige Brand Holdings by 10.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 9,960 shares of the company’s stock worth $553,000 after purchasing an additional 950 shares in the last quarter. Finally, State Street Corp raised its stake in Prestige Brand Holdings by 1.1% in the 1st quarter. State Street Corp now owns 1,890,937 shares of the company’s stock worth $105,063,000 after purchasing an additional 20,090 shares in the last quarter. Institutional investors own 98.56% of the company’s stock.
In other news, SVP Jean A. Boyko sold 12,876 shares of Prestige Brand Holdings stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $52.12, for a total value of $671,097.12. Following the completion of the transaction, the senior vice president now owns 26,566 shares of the company’s stock, valued at approximately $1,384,619.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.98% of the company’s stock.
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.
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