Prestige Brands Holdings Inc. (NYSE:PBH) – Equities research analysts at William Blair lowered their Q2 2017 earnings per share (EPS) estimates for shares of Prestige Brands Holdings in a research note issued to investors on Tuesday. William Blair analyst J. Andersen now expects that the firm will earn $0.62 per share for the quarter, down from their previous forecast of $0.64. William Blair also issued estimates for Prestige Brands Holdings’ FY2017 earnings at $2.36 EPS and FY2018 earnings at $2.52 EPS.

Prestige Brands Holdings (NYSE:PBH) last issued its earnings results on Thursday, August 4th. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. Prestige Brands Holdings had a return on equity of 16.50% and a net margin of 8.28%. The firm had revenue of $209.60 million for the quarter, compared to analysts’ expectations of $208.18 million. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year.

Several other equities research analysts have also recently commented on the company. B. Riley reissued a “buy” rating and set a $70.00 target price on shares of Prestige Brands Holdings in a report on Thursday. Sidoti raised Prestige Brands Holdings from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Friday, August 12th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “sell” rating on shares of Prestige Brands Holdings in a report on Wednesday, August 10th. Zacks Investment Research raised Prestige Brands Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, Piper Jaffray Cos. reaffirmed an “outperform” rating on shares of Prestige Brands Holdings in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Prestige Brands Holdings presently has a consensus rating of “Buy” and an average target price of $59.67.

Prestige Brands Holdings (NYSE:PBH) opened at 47.18 on Wednesday. Prestige Brands Holdings has a one year low of $43.40 and a one year high of $58.09. The firm has a market cap of $2.50 billion, a PE ratio of 36.55 and a beta of 1.64. The company has a 50-day moving average price of $48.41 and a 200-day moving average price of $52.94.

A number of hedge funds have recently made changes to their positions in the stock. Miles Capital Inc. increased its stake in shares of Prestige Brands Holdings by 1.5% in the second quarter. Miles Capital Inc. now owns 5,238 shares of the company’s stock valued at $290,000 after buying an additional 76 shares during the period. Nisa Investment Advisors LLC boosted its position in Prestige Brands Holdings by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,400 shares of the company’s stock valued at $410,000 after buying an additional 200 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Prestige Brands Holdings by 1.1% in the second quarter. UBS Asset Management Americas Inc. now owns 35,441 shares of the company’s stock valued at $1,964,000 after buying an additional 393 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Prestige Brands Holdings by 2.7% in the second quarter. PNC Financial Services Group Inc. now owns 16,485 shares of the company’s stock valued at $914,000 after buying an additional 429 shares in the last quarter. Finally, I.G. Investment Management LTD. boosted its position in Prestige Brands Holdings by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 24,851 shares of the company’s stock valued at $1,377,000 after buying an additional 457 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Prestige Brands Holdings Company Profile

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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