Prestige Brands Holdings (PBH) reported quarterly earnings results on Thursday, May-12-2016. The company said it had a profit of $0.52 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.49. The company posted revenue of $207.90 million in the period, compared to analysts expectations of $195.99 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Many Wall Street Analysts have commented on Prestige Brands Holdings. KeyBanc Capital Mkts Initiated Prestige Brands Holdings on Mar 8, 2016 to “Overweight”, Price Target of the shares are set at $60.
Prestige Brands Holdings closed down -0.26 points or -0.45% at $56.92 with 7,67,792 shares getting traded on Tuesday. Post opening the session at $57.61, the shares hit an intraday low of $56.31 and an intraday high of $58 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jun 17, 2015, John Parkinson (Senior VP- International) sold 16,695 shares at $44.99 per share price. According to the SEC, on Jun 2, 2015, Matthew Mannelly (President and CEO) sold 19,670 shares at $44.10 per share price. On May 26, 2015, Jean A Boyko (SVP, Science and Technology) sold 12,583 shares at $43.12 per share price, according to the Form-4 filing with the securities and exchange commission.
Prestige Brands Holdings Inc. (Prestige) is a holding company. The Company is engaged in the marketing sales and distribution of brand name over-the-counter (OTC) healthcare and household cleaning products to mass merchandisers drug stores supermarkets and club convenience and dollar stores in North America (the United States and Canada) and in Australia and certain other international markets. The Company operates through three segments: North American OTC Healthcare International OTC Healthcare and Household Cleaning. The Company’s major brands include Chloraseptic Clear Eyes Compound W Dramamine Efferdent Little Remedies Luden’s The Doctor’s NightGuard The Doctor’s Brushpicks BC/Goody’s Beano Debrox Gaviscon Dermoplast New-Skin Fiber Choice Ecotrin Fess Hydralyte Monistat e.p.t Nix Chore Boy Comet and Spic and Span. The Company distributes across major retail channels including mass merchandisers food drug dollar convenience and club stores.