Analysts Expect Prestige Brands (PBH) Will Post Quarterly Sales of $255.12 Million

Equities research analysts expect that Prestige Brands (NYSE:PBH) will report $255.12 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Prestige Brands’ earnings. The lowest sales estimate is $254.50 million and the highest is $256.00 million. Prestige Brands posted sales of $240.67 million during the same quarter last year, which suggests a positive year over year growth rate of 6%. The company is expected to announce its next earnings report on Thursday, May 10th.

According to Zacks, analysts expect that Prestige Brands will report full year sales of $255.12 million for the current fiscal year. For the next year, analysts forecast that the company will post sales of $1.06 billion per share, with estimates ranging from $1.05 billion to $1.07 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Prestige Brands.

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Prestige Brands (NYSE:PBH) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. Prestige Brands had a net margin of 38.05% and a return on equity of 14.14%. The firm had revenue of $270.62 million during the quarter, compared to the consensus estimate of $270.25 million. During the same period in the prior year, the firm earned $0.61 EPS. The business’s revenue was up 24.8% on a year-over-year basis.

A number of analysts have weighed in on PBH shares. Zacks Investment Research raised shares of Prestige Brands from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. William Blair raised shares of Prestige Brands from a “market perform” rating to an “outperform” rating in a report on Monday, December 4th. DA Davidson reissued a “buy” rating and issued a $79.00 price target on shares of Prestige Brands in a report on Monday, December 18th. KeyCorp reduced their price target on shares of Prestige Brands from $54.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, February 5th. Finally, TheStreet downgraded shares of Prestige Brands from a “b-” rating to a “c+” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $75.29.

In other Prestige Brands news, CEO Ronald M. Lombardi acquired 7,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was bought at an average price of $35.94 per share, for a total transaction of $251,580.00. Following the purchase, the chief executive officer now owns 138,969 shares in the company, valued at approximately $4,994,545.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William P’pool acquired 1,500 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $33.90 per share, with a total value of $50,850.00. Following the purchase, the senior vice president now owns 6,600 shares in the company, valued at approximately $223,740. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 19,000 shares of company stock valued at $679,575. Corporate insiders own 0.98% of the company’s stock.

Several hedge funds have recently made changes to their positions in PBH. Sei Investments Co. raised its stake in shares of Prestige Brands by 20.5% in the 3rd quarter. Sei Investments Co. now owns 29,442 shares of the company’s stock valued at $1,475,000 after buying an additional 5,013 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Prestige Brands by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 649,929 shares of the company’s stock valued at $32,555,000 after buying an additional 7,521 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Prestige Brands by 27.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 256,668 shares of the company’s stock valued at $12,857,000 after buying an additional 56,001 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Prestige Brands by 13.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 270,115 shares of the company’s stock valued at $13,530,000 after buying an additional 32,637 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Prestige Brands in the 3rd quarter valued at $215,000.

Shares of Prestige Brands stock opened at $33.72 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.19 and a debt-to-equity ratio of 1.69. Prestige Brands has a fifty-two week low of $32.46 and a fifty-two week high of $59.63. The firm has a market capitalization of $1,788.48, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.38 and a beta of 1.21.

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About Prestige Brands

Prestige Brands Holdings, Inc, through its subsidiaries, markets, sells, manufactures, and distributes over-the-counter (OTC) healthcare and household cleaning products in North America, Australia, and internationally. It operates through North American OTC Healthcare, International OTC Healthcare, and Household Cleaning segments.

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

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