Prestige Brands Holdings (PBH) is Upgraded by Sidoti to Buy

Prestige Brands Holdings (PBH) was Upgraded by Sidoti to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Sidoti advised their investors in a research report released on Aug 12, 2016.

On the company’s financial health, Prestige Brands Holdings reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.54. The company had revenue of $209.60 million for the quarter, compared to analysts expectations of $208.18 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Prestige Brands Holdings closed down -1.26 points or -2.45% at $50.12 with 5,46,897 shares getting traded on Monday. Post opening the session at $51.2, the shares hit an intraday low of $49.8 and an intraday high of $51.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 10, 2016, John Parkinson (Senior VP- International) sold 25,143 shares at $53.57 per share price. According to the SEC, on Jun 10, 2016, John E Byom (director) sold 1,249 shares at $53.35 per share price. On Jun 1, 2016, Paul Migaki (officer ) sold 26,877 shares at $54.51 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.

Prestige Brands Holdings

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