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Stock Market & Financial Investment News

News Breaks
May 1, 2014
07:24 EDTPBHPrestige Brands completes purchase of Hydralyte
Prestige Brands Holdings has closed the previously announced acquisition of Hydralyte from the Hydration Pharmaceuticals Trust of Victoria, Australia. The transaction was finalized pursuant to the original terms of the purchase agreement announced on April 15. As previously mentioned, the acquisition of Hydralyte is projected to double the revenues of Care to approximately A$50M, and is expected to be accretive to Prestige’s EPS for FY15, exclusive of transaction, integration and purchase accounting items. Prestige acquired Care in July 2013.
News For PBH From The Last 14 Days
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November 18, 2014
09:56 EDTPBHOn The Fly: Analyst Upgrade Summary
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08:53 EDTPBHPrestige Brands sees FY15 EPS $1.75-$1.85, consensus $1.80
Says on track to deliver FY15 sales growth 15%-18% and adjusted free cash flow of approximately $150M. Comments from slides that will be presented at the Morgan Stanley Global Consumer Conference.
05:41 EDTPBHPrestige Brands upgraded to Hold from Underperform at Jefferies
Jefferies upgraded Prestige Brands to Hold with a $30 price target citing the recent pullback in shares.
November 12, 2014
11:27 EDTPBHPrestige Brands management to meet with B. Riley
Meeting to be held in New York on November 12 hosted by B. Riley.

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