$238.60 Million in Sales Expected for Prestige Brands Holdings, Inc. (PBH) This Quarter

Wall Street brokerages expect Prestige Brands Holdings, Inc. (NYSE:PBH) to report sales of $238.60 million for the current quarter, Zacks reports. Four analysts have made estimates for Prestige Brands’ earnings, with estimates ranging from $236.30 million to $240.00 million. Prestige Brands reported sales of $258.03 million during the same quarter last year, which indicates a negative year over year growth rate of 7.5%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Prestige Brands will report full year sales of $990.52 million for the current year, with estimates ranging from $985.40 million to $994.70 million. For the next year, analysts anticipate that the business will report sales of $989.56 million per share, with estimates ranging from $977.50 million to $999.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Prestige Brands.

Prestige Brands (NYSE:PBH) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Prestige Brands had a return on equity of 12.45% and a net margin of 32.76%. The business had revenue of $253.98 million for the quarter, compared to the consensus estimate of $253.70 million. During the same quarter in the prior year, the company earned $0.66 EPS. The business’s revenue was down 1.0% compared to the same quarter last year.

A number of research firms have recently issued reports on PBH. Jefferies Financial Group set a $38.00 price target on Prestige Brands and gave the stock a “hold” rating in a research report on Thursday, August 2nd. DA Davidson downgraded Prestige Brands to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Tuesday, May 8th. Zacks Investment Research downgraded Prestige Brands from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. Finally, ValuEngine downgraded Prestige Brands from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $69.00.

PBH opened at $38.65 on Friday. Prestige Brands has a 12-month low of $27.84 and a 12-month high of $51.79. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.37 and a current ratio of 2.21. The firm has a market cap of $1.94 billion, a PE ratio of 14.92, a PEG ratio of 1.52 and a beta of 1.03.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Prestige Brands by 135.9% during the 2nd quarter. Bank of Montreal Can now owns 3,067 shares of the company’s stock worth $118,000 after buying an additional 1,767 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of Prestige Brands during the 2nd quarter worth $137,000. BlueMountain Capital Management LLC purchased a new stake in shares of Prestige Brands during the 2nd quarter worth $208,000. Nicolet Bankshares Inc. purchased a new stake in shares of Prestige Brands during the 1st quarter worth $202,000. Finally, Diversified Trust Co purchased a new stake in shares of Prestige Brands during the 1st quarter worth $202,000.

Prestige Brands Company Profile

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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Earnings History and Estimates for Prestige Brands (NYSE:PBH)

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