FY2024 EPS Estimates for Premium Brands Reduced by Analyst

Premium Brands Holdings Co. (TSE:PBH) – Research analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for shares of Premium Brands in a research report issued on Wednesday, October 23rd. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $4.54 per share for the year, down from their previous forecast of $4.83. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share. National Bank Financial also issued estimates for Premium Brands’ Q1 2025 earnings at $0.73 EPS, Q3 2025 earnings at $1.69 EPS and Q4 2025 earnings at $1.53 EPS.

A number of other equities research analysts have also commented on PBH. National Bankshares raised their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a report on Thursday. TD Securities raised their price objective on shares of Premium Brands from C$125.00 to C$129.00 and gave the stock a “buy” rating in a report on Monday, August 12th. BMO Capital Markets dropped their price objective on shares of Premium Brands from C$115.00 to C$111.00 in a report on Friday, August 9th. Finally, Royal Bank of Canada dropped their price objective on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating on the stock in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$113.10.

Premium Brands Trading Up 0.1 %

Shares of TSE:PBH opened at C$92.66 on Friday. Premium Brands has a 12 month low of C$84.66 and a 12 month high of C$97.28. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. The company’s fifty day simple moving average is C$91.31 and its 200 day simple moving average is C$90.60. The firm has a market cap of C$4.12 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$1.28 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 1.78% and a return on equity of 6.43%.

Premium Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.40 annualized dividend and a dividend yield of 3.67%. Premium Brands’s dividend payout ratio is presently 133.86%.

Insider Transactions at Premium Brands

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total transaction of C$604,100.00. 2.01% of the stock is owned by company insiders.

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.