Prestige Brands Holdings
The 10-second takeaway
For the quarter ended June 30 (Q1), Prestige Brands Holdings missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. GAAP earnings per share increased significantly.
Margins grew across the board.
Prestige Brands Holdings reported revenue of $143.0 million. The four analysts polled by S&P Capital IQ expected a top line of $147.1 million on the same basis. GAAP reported sales were 2.7% lower than the prior-year quarter's $147.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.40. The five earnings estimates compiled by S&P Capital IQ averaged $0.38 per share. GAAP EPS of $0.40 for Q1 were 38% higher than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 58.4%, 150 basis points better than the prior-year quarter. Operating margin was 34.6%, 200 basis points better than the prior-year quarter. Net margin was 14.5%, 450 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $162.7 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $632.6 million. The average EPS estimate is $1.63.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 166 members out of 180 rating the stock outperform, and 14 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Prestige Brands Holdings a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Prestige Brands Holdings is outperform, with an average price target of $32.67.
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