Jefferies Group Comments on Prestige Brand Holdings, Inc.’s FY2018 Earnings (PBH)
Prestige Brand Holdings, Inc. (NYSE:PBH) – Stock analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of Prestige Brand Holdings in a report released on Monday. Jefferies Group analyst S. Wissink now anticipates that the company will post earnings of $2.64 per share for the year, up from their previous estimate of $2.62. Jefferies Group currently has a “Hold” rating and a $55.00 target price on the stock. Jefferies Group also issued estimates for Prestige Brand Holdings’ Q4 2018 earnings at $0.64 EPS, Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.73 EPS and Q4 2019 earnings at $0.71 EPS.
Prestige Brand Holdings (NYSE:PBH) last issued its earnings results on Thursday, August 3rd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 quarter in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 22.4% on a year-over-year basis.
TRADEMARK VIOLATION NOTICE: “Jefferies Group Comments on Prestige Brand Holdings, Inc.’s FY2018 Earnings (PBH)” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/jefferies-group-comments-on-prestige-brand-holdings-inc-s-fy2018-earnings-pbh/1610515.html.
A number of other research analysts also recently issued reports on the stock. BidaskClub upgraded shares of Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 17th. Zacks Investment Research downgraded shares of Prestige Brand Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, KeyCorp restated a “buy” rating and issued a $61.00 price target on shares of Prestige Brand Holdings in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Prestige Brand Holdings has a consensus rating of “Buy” and an average target price of $64.14.
Shares of Prestige Brand Holdings (PBH) traded down 0.737% during midday trading on Tuesday, reaching $50.535. 328,145 shares of the company’s stock traded hands. The stock has a market cap of $2.68 billion, a P/E ratio of 24.956 and a beta of 1.19. Prestige Brand Holdings has a 52-week low of $44.64 and a 52-week high of $59.63. The stock has a 50-day moving average price of $50.32 and a 200-day moving average price of $52.58.
A number of hedge funds have recently made changes to their positions in PBH. BlackRock Inc. increased its stake in Prestige Brand Holdings by 11,872.9% during the 1st quarter. BlackRock Inc. now owns 6,970,978 shares of the company’s stock valued at $387,306,000 after purchasing an additional 6,912,755 shares in the last quarter. FMR LLC increased its stake in Prestige Brand Holdings by 56.7% during the 2nd quarter. FMR LLC now owns 2,565,578 shares of the company’s stock valued at $135,487,000 after purchasing an additional 927,927 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Prestige Brand Holdings during the 2nd quarter valued at $36,642,000. Vanguard Group Inc. increased its stake in Prestige Brand Holdings by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 5,680,475 shares of the company’s stock valued at $315,607,000 after purchasing an additional 607,598 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Prestige Brand Holdings by 234.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 409,596 shares of the company’s stock valued at $21,631,000 after purchasing an additional 287,041 shares in the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.
In other Prestige Brand Holdings news, SVP Jean A. Boyko sold 12,876 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $52.12, for a total transaction of $671,097.12. Following the completion of the sale, the senior vice president now owns 26,566 shares in the company, valued at approximately $1,384,619.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.98% of the company’s stock.
Prestige Brand 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.
Receive News & Ratings for Prestige Brand Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Brand Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.