Prestige Consumer Healthcare (NYSE:PBH) Shares Gap Up Following Strong Earnings

Prestige Consumer Healthcare Inc. (NYSE:PBHGet Free Report) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $62.91, but opened at $65.63. Prestige Consumer Healthcare shares last traded at $63.48, with a volume of 2,979 shares traded.

The company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.04 by $0.02. The firm had revenue of $282.74 million for the quarter, compared to analyst estimates of $280.25 million. Prestige Consumer Healthcare had a positive return on equity of 14.09% and a negative net margin of 7.11%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PBH. Royal Bank of Canada dropped their price objective on Prestige Consumer Healthcare from $110.00 to $103.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 15th. BMO Capital Markets dropped their price objective on Prestige Consumer Healthcare from $124.00 to $117.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th. Finally, StockNews.com raised Prestige Consumer Healthcare from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Prestige Consumer Healthcare has an average rating of “Moderate Buy” and a consensus price target of $97.00.

View Our Latest Stock Report on Prestige Consumer Healthcare

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Centiva Capital LP raised its stake in shares of Prestige Consumer Healthcare by 4.2% in the fourth quarter. Centiva Capital LP now owns 4,174 shares of the company’s stock worth $261,000 after purchasing an additional 167 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Prestige Consumer Healthcare by 1.8% in the third quarter. Sequoia Financial Advisors LLC now owns 10,068 shares of the company’s stock worth $576,000 after purchasing an additional 179 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Prestige Consumer Healthcare by 0.8% in the third quarter. Pinnacle Associates Ltd. now owns 24,672 shares of the company’s stock worth $1,411,000 after purchasing an additional 200 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Prestige Consumer Healthcare by 85.7% in the fourth quarter. Pacer Advisors Inc. now owns 442 shares of the company’s stock worth $27,000 after purchasing an additional 204 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Prestige Consumer Healthcare by 0.6% in the first quarter. Great West Life Assurance Co. Can now owns 43,488 shares of the company’s stock worth $2,362,000 after purchasing an additional 241 shares during the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

Prestige Consumer Healthcare Price Performance

The company has a quick ratio of 1.75, a current ratio of 3.09 and a debt-to-equity ratio of 0.75. The firm has a 50 day moving average price of $60.94 and a 200-day moving average price of $60.23.

Prestige Consumer Healthcare Company Profile

(Get Free Report)

Prestige Consumer Healthcare Inc, together with its subsidiaries, develops, manufactures, markets, distributes, and sells over-the-counter (OTC) health and personal care products in the United States and internationally. The company operates in two segments, North American OTC Healthcare and International OTC Healthcare.

Featured Articles

Receive News & Ratings for Prestige Consumer Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Consumer Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.