FY2018 EPS Estimates for Premium Brands Holdings Corp (PBH) Boosted by Analyst

Premium Brands Holdings Corp (TSE:PBH) – Investment analysts at Cormark boosted their FY2018 EPS estimates for shares of Premium Brands in a research note issued to investors on Tuesday. Cormark analyst K. Mcphee now expects that the company will earn $4.71 per share for the year, up from their previous estimate of $4.70. Cormark also issued estimates for Premium Brands’ FY2019 earnings at $5.27 EPS.

A number of other brokerages have also issued reports on PBH. Royal Bank of Canada increased their price objective on Premium Brands from C$111.00 to C$118.00 and gave the stock an “outperform” rating in a report on Thursday, November 23rd. BMO Capital Markets upgraded Premium Brands from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$106.00 to C$107.00 in a research report on Wednesday, November 15th. TD Securities upped their target price on Premium Brands from C$120.00 to C$125.00 and gave the stock an “action list buy” rating in a research report on Thursday, November 23rd. CIBC set a C$116.00 target price on Premium Brands and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Finally, Scotiabank upped their target price on Premium Brands from C$96.00 to C$97.50 and gave the stock a “sector perform” rating in a research report on Thursday, November 23rd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Premium Brands presently has a consensus rating of “Buy” and an average target price of C$109.19.

Shares of Premium Brands (TSE PBH) traded down C$0.91 during mid-day trading on Wednesday, reaching C$105.71. The company had a trading volume of 6,676 shares, compared to its average volume of 70,572. Premium Brands has a 1-year low of C$69.07 and a 1-year high of C$110.28. The company has a market cap of $3,300.00, a price-to-earnings ratio of 38.35 and a beta of 0.42.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Tuesday, November 14th. The company reported C$0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.15). Premium Brands had a return on equity of 19.68% and a net margin of 3.82%. The business had revenue of C$557.60 million during the quarter, compared to the consensus estimate of C$581.95 million.

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About Premium Brands

Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.

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