Analysts expect Prestige Brand Holdings, Inc. (NYSE:PBH) to announce earnings of $0.63 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Prestige Brand Holdings’ earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.61. Prestige Brand Holdings posted earnings per share of $0.59 in the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The company is expected to announce its next earnings results before the market opens on Thursday, August 3rd.
On average, analysts expect that Prestige Brand Holdings will report full year earnings of $2.63 per share for the current year, with EPS estimates ranging from $2.60 to $2.65. For the next financial year, analysts forecast that the business will post earnings of $2.85 per share, with EPS estimates ranging from $2.80 to $2.88. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Prestige Brand Holdings.
Prestige Brand Holdings (NYSE:PBH) last issued its quarterly earnings results on Thursday, May 11th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $240.70 million during the quarter, compared to analyst estimates of $234.74 million. Prestige Brand Holdings had a net margin of 7.87% and a return on equity of 16.15%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS.
Several brokerages recently commented on PBH. Zacks Investment Research downgraded shares of Prestige Brand Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Jefferies Group LLC increased their price objective on shares of Prestige Brand Holdings from $47.00 to $49.00 and gave the company an “underperform” rating in a research note on Wednesday, April 19th. DA Davidson reissued a “buy” rating and issued a $79.00 price objective on shares of Prestige Brand Holdings in a research note on Monday, May 8th. Finally, BidaskClub raised shares of Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $63.71.
A number of institutional investors have recently made changes to their positions in PBH. BlackRock Inc. boosted its position in shares of Prestige Brand Holdings by 11,872.9% in the first quarter. BlackRock Inc. now owns 6,970,978 shares of the company’s stock valued at $387,306,000 after buying an additional 6,912,755 shares during the period. Vanguard Group Inc. boosted its position in shares of Prestige Brand Holdings by 12.0% in the first quarter. Vanguard Group Inc. now owns 5,680,475 shares of the company’s stock valued at $315,607,000 after buying an additional 607,598 shares during the period. State Street Corp boosted its position in shares of Prestige Brand Holdings by 1.1% in the first quarter. State Street Corp now owns 1,890,937 shares of the company’s stock valued at $105,063,000 after buying an additional 20,090 shares during the period. FMR LLC boosted its position in shares of Prestige Brand Holdings by 29.6% in the first quarter. FMR LLC now owns 1,637,651 shares of the company’s stock valued at $90,988,000 after buying an additional 374,518 shares during the period. Finally, OppenheimerFunds Inc. boosted its position in shares of Prestige Brand Holdings by 3.3% in the first quarter. OppenheimerFunds Inc. now owns 849,885 shares of the company’s stock valued at $47,219,000 after buying an additional 27,129 shares during the period. Hedge funds and other institutional investors own 98.39% of the company’s stock.
Shares of Prestige Brand Holdings (NYSE PBH) opened at 51.77 on Friday. The company has a 50 day moving average of $51.78 and a 200-day moving average of $54.08. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 39.82 and a beta of 1.18. Prestige Brand Holdings has a one year low of $44.64 and a one year high of $59.63.
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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