Gabelli Weighs in on Prestige Brands Holdings, Inc.’s FY2019 Earnings (PBH)

Prestige Brands Holdings, Inc. (NYSE:PBH) – Investment analysts at Gabelli cut their FY2019 earnings estimates for shares of Prestige Brands in a research report issued on Tuesday, July 3rd. Gabelli analyst Z. Bodini now anticipates that the company will post earnings of $3.00 per share for the year, down from their prior forecast of $3.05. Gabelli also issued estimates for Prestige Brands’ FY2020 earnings at $3.35 EPS, FY2021 earnings at $3.75 EPS, FY2022 earnings at $4.20 EPS and FY2023 earnings at $4.65 EPS.

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Several other analysts have also issued reports on PBH. DA Davidson lowered shares of 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 lowered shares of Prestige Brands from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. Finally, ValuEngine lowered shares of Prestige Brands from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $71.00.

Prestige Brands opened at $37.34 on Wednesday, according to Marketbeat. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.50 and a current ratio of 2.46. Prestige Brands has a 1 year low of $27.84 and a 1 year high of $53.90. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 1.45 and a beta of 1.18.

Prestige Brands (NYSE:PBH) last announced its quarterly earnings data on Thursday, May 10th. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. Prestige Brands had a net margin of 32.61% and a return on equity of 13.33%. The business had revenue of $256.00 million for the quarter, compared to analyst estimates of $255.61 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis.

In other Prestige Brands news, SVP Jean A. Boyko sold 20,528 shares of the company’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $36.91, for a total value of $757,688.48. Following the transaction, the senior vice president now directly owns 21,960 shares in the company, valued at $810,543.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd increased its holdings in shares of Prestige Brands by 31.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 17,781 shares of the company’s stock valued at $600,000 after purchasing an additional 4,254 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Prestige Brands in the first quarter valued at $202,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Prestige Brands by 47,880.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 9,596 shares of the company’s stock valued at $324,000 after purchasing an additional 9,576 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in shares of Prestige Brands in the first quarter valued at $988,000. Finally, Royal Bank of Canada increased its holdings in shares of Prestige Brands by 81.4% in the first quarter. Royal Bank of Canada now owns 2,027,327 shares of the company’s stock valued at $68,362,000 after purchasing an additional 909,507 shares during the last quarter.

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.