Premium Brands (TSE:PBH) Posts Quarterly Earnings Results, Misses Expectations By $0.25 EPS

Premium Brands (TSE:PBH) issued its quarterly earnings results on Wednesday. The company reported C$1.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25), RTT News reports. Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same quarter in the previous year, the company earned $1.27 earnings per share.

Premium Brands Trading Up 1.8 %

Shares of PBH stock traded up C$1.39 on Friday, hitting C$77.45. 54,558 shares of the company’s stock traded hands, compared to its average volume of 52,903. The company’s fifty day simple moving average is C$91.17 and its 200 day simple moving average is C$90.54. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. Premium Brands has a one year low of C$75.67 and a one year high of C$97.28. The stock has a market capitalization of C$3.44 billion, a price-to-earnings ratio of 30.43, a P/E/G ratio of 1.10 and a beta of 0.98.

Premium Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Tuesday, December 31st. Premium Brands’s dividend payout ratio (DPR) is presently 133.86%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PBH. Royal Bank of Canada reduced their price objective on Premium Brands from C$100.00 to C$96.00 in a report on Thursday. National Bankshares lifted their price objective on shares of 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. BMO Capital Markets cut their price target on Premium Brands from C$111.00 to C$94.00 in a report on Thursday. Stifel Nicolaus cut their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a research report on Thursday. Finally, CIBC decreased their price target on shares of Premium Brands from C$103.00 to C$90.00 in a report on Thursday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Premium Brands currently has an average rating of “Moderate Buy” and an average price target of C$108.30.

Insider Activity

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. 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.