Q3 EPS Estimates for Premium Brands Lowered by Analyst

Premium Brands Holdings Co. (TSE:PBH) – Equities researchers at National Bank Financial dropped their Q3 2024 EPS estimates for Premium Brands in a research note issued on Wednesday, October 23rd. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $1.38 per share for the quarter, down from their previous estimate of $1.67. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share. National Bank Financial also issued estimates for Premium Brands’ FY2025 earnings at $5.52 EPS.

Several other equities analysts have also recently weighed in on PBH. BMO Capital Markets lowered their price target on Premium Brands from C$115.00 to C$111.00 in a report on Friday, August 9th. National Bankshares upped 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 report on Thursday. Royal Bank of Canada dropped their target price on 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. Finally, TD Securities upped their price target on shares of Premium Brands from C$125.00 to C$129.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Premium Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of C$113.10.

Premium Brands Stock Up 0.1 %

Shares of Premium Brands stock opened at C$92.66 on Monday. 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 twelve month low of C$84.66 and a twelve month high of C$97.28. The company has a market cap of C$4.12 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company’s 50 day moving average is C$91.31 and its 200 day moving average is C$90.63.

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

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. Company insiders own 2.01% of the company’s stock.

Premium Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.85 per share. 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 3.67%. Premium Brands’s dividend payout ratio is presently 133.86%.

About Premium Brands

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.