Ventum Cap Mkts Predicts Lower Earnings for Premium Brands

Premium Brands Holdings Co. (TSE:PBH) – Equities research analysts at Ventum Cap Mkts lowered their FY2025 EPS estimates for Premium Brands in a report issued on Thursday, November 7th. Ventum Cap Mkts analyst D. Schilling now forecasts that the company will post earnings of $5.98 per share for the year, down from their previous forecast of $6.12. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share.

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

PBH has been the subject of a number of other reports. National Bankshares upped their price target on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Stifel Nicolaus decreased their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a research report on Thursday. 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. CIBC reduced their price target on Premium Brands from C$103.00 to C$90.00 in a report on Thursday. Finally, TD Securities dropped their price objective on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Premium Brands currently has an average rating of “Moderate Buy” and an average price target of C$108.30.

Premium Brands Stock Performance

Shares of PBH stock opened at C$76.55 on Friday. The company has a market capitalization of C$3.40 billion, a P/E ratio of 30.14, a PEG ratio of 1.10 and a beta of 0.98. Premium Brands has a fifty-two week low of C$75.67 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. The stock has a 50 day moving average price of C$90.94 and a two-hundred day moving average price of C$90.52.

Premium Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s payout ratio is presently 133.86%.

Insider Activity at Premium Brands

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total value of C$604,100.00. In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the business’s 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. Also, Director Johnny Ciampi acquired 3,500 shares of the business’s stock in a transaction on Friday, November 8th. The stock was acquired at an average price of C$77.02 per share, for a total transaction of C$269,570.00. 2.01% of the stock is currently owned by corporate insiders.

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.