Q3 Earnings Forecast for Premium Brands Issued By Desjardins

Premium Brands Holdings Co. (TSE:PBH) – Research analysts at Desjardins issued their Q3 2024 earnings per share (EPS) estimates for Premium Brands in a research report issued on Monday, October 28th. Desjardins analyst C. Li forecasts that the company will earn $1.19 per share for the quarter. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share.

A number of other analysts have also weighed in on PBH. National Bankshares increased their price objective on Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Royal Bank of Canada dropped their price objective on Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. TD Securities increased their price objective on Premium Brands from C$125.00 to C$129.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, BMO Capital Markets dropped their price objective on Premium Brands from C$115.00 to C$111.00 in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$113.10.

Premium Brands Stock Down 0.6 %

Shares of TSE PBH opened at C$88.27 on Thursday. Premium Brands has a one year low of C$84.66 and a one year high of C$97.28. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. The firm’s 50 day simple moving average is C$91.41 and its two-hundred day simple moving average is C$90.63. The stock has a market capitalization of C$3.92 billion, a P/E ratio of 34.69, a PEG ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 earnings per share for the quarter, missing the consensus estimate of C$1.32 by C($0.04). The company had revenue of C$1.70 billion during the quarter, compared to the consensus estimate of C$1.70 billion. Premium Brands had a return on equity of 6.43% and a net margin of 1.78%.

Premium Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.85 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.40 dividend on an annualized basis and a yield of 3.85%. Premium Brands’s dividend payout ratio (DPR) is 133.86%.

Insider Activity

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. Corporate insiders own 2.01% of the company’s stock.

Premium Brands Company Profile

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.