Q3 Earnings Forecast for Premium Brands Issued By Desjardins

Premium Brands Holdings Co. (TSE:PBH) – Desjardins issued their Q3 2024 earnings estimates for shares of Premium Brands in a 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.

Premium Brands (TSE:PBH) last posted 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 business had revenue of C$1.70 billion during the quarter, compared to analyst estimates of C$1.70 billion. Premium Brands had a net margin of 1.78% and a return on equity of 6.43%.

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

Premium Brands Price Performance

Shares of TSE PBH opened at C$86.94 on Thursday. The stock’s 50-day simple moving average is C$91.43 and its 200-day simple moving average is C$90.61. The firm has a market capitalization of C$3.86 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands has a fifty-two week low of C$84.66 and a fifty-two week high of C$97.28. 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 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 paid a $0.85 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $3.40 annualized dividend and a yield of 3.91%. Premium Brands’s dividend payout ratio is currently 133.86%.

Insider Transactions at Premium Brands

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the business’s stock in a transaction that occurred 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. Company 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.