Raymond James Forecasts Premium Brands FY2024 Earnings

Premium Brands Holdings Co. (TSE:PBH) – Equities research analysts at Raymond James issued their FY2024 earnings estimates for shares of Premium Brands in a research report issued on Wednesday, December 18th. Raymond James analyst M. Glen forecasts that the company will earn $3.77 per share for the year. Raymond James currently has a “Moderate Buy” rating on the stock. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share. Raymond James also issued estimates for Premium Brands’ FY2025 earnings at $4.89 EPS and FY2026 earnings at $6.13 EPS.

Premium Brands (TSE:PBH) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 EPS for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same period in the prior year, the business posted $1.27 EPS.

A number of other brokerages also recently weighed in on PBH. TD Securities cut their price target on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a report on Thursday, November 7th. CIBC decreased their price target on Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. BMO Capital Markets reduced their price objective on Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Stifel Nicolaus decreased their target price on Premium Brands from C$106.00 to C$101.00 in a research report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their target price on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Premium Brands presently has an average rating of “Moderate Buy” and an average target price of C$103.11.

Premium Brands Stock Up 0.3 %

PBH stock opened at C$79.09 on Monday. The company has a market cap of C$3.51 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. Premium Brands has a 52 week low of C$75.67 and a 52 week high of C$97.10. The business has a 50-day simple moving average of C$84.29 and a 200 day simple moving average of C$88.59.

Insider Buying and Selling

In related news, Director Johnny Ciampi purchased 2,000 shares of Premium Brands stock in a transaction on Friday, November 29th. The shares were purchased at an average price of C$78.78 per share, for a total transaction of C$157,560.00. 2.01% of the stock is owned by corporate insiders.

Premium Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.85 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a yield of 4.30%. Premium Brands’s dividend payout ratio (DPR) is presently 133.86%.

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.