Somewhat Favorable News Coverage Somewhat Unlikely to Affect Prestige Brand Holdings (PBH) Stock Price
News articles about Prestige Brand Holdings (NYSE:PBH) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Prestige Brand Holdings earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.5482506975874 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Prestige Brand Holdings (NYSE:PBH) traded up 0.10% on Friday, hitting $48.20. 341,682 shares of the stock traded hands. The stock has a 50 day moving average of $49.81 and a 200 day moving average of $52.22. The firm has a market capitalization of $2.55 billion, a PE ratio of 23.80 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.
Prestige Brand Holdings (NYSE:PBH) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.03. The business had revenue of $256.57 million during the quarter, compared to the consensus estimate of $255.64 million. Prestige Brand Holdings had a return on equity of 16.06% and a net margin of 11.70%. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. Equities research analysts anticipate that Prestige Brand Holdings will post $2.64 earnings per share for the current year.
A number of brokerages have recently weighed in on PBH. BidaskClub raised shares of Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research lowered shares of Prestige Brand Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $54.00 price objective on shares of Prestige Brand Holdings in a report on Wednesday, August 16th. KeyCorp restated a “buy” rating and set a $61.00 price objective on shares of Prestige Brand Holdings in a report on Wednesday, September 6th. Finally, DA Davidson set a $79.00 price objective on shares of Prestige Brand Holdings and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $64.14.
In related news, SVP Jean A. Boyko sold 12,876 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $52.12, for a total value of $671,097.12. Following the completion of the sale, the senior vice president now directly owns 26,566 shares in the company, valued at $1,384,619.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.98% of the stock is owned by company insiders.
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.
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