Equities Analysts Offer Predictions for Premium Brands Holdings Corp’s Q4 2017 Earnings (PBH)

Premium Brands Holdings Corp (TSE:PBH) – Cormark issued their Q4 2017 EPS estimates for Premium Brands in a research report issued on Tuesday. Cormark analyst K. Mcphee anticipates that the company will earn $0.93 per share for the quarter.

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

Other research analysts also recently issued reports about the company. TD Securities boosted 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 report on Thursday, November 23rd. Pi Financial boosted their target price on Premium Brands from C$112.00 to C$115.00 and gave the stock a “buy” rating in a report on Thursday, November 23rd. Royal Bank of Canada reduced their target price on Premium Brands from C$115.00 to C$111.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. BMO Capital Markets raised Premium Brands from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$106.00 to C$107.00 in a report on Wednesday, November 15th. Finally, National Bank Financial boosted their target price on Premium Brands from C$110.00 to C$115.00 and gave the stock an “outperform” rating in a report on Thursday, November 23rd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$109.19.

Premium Brands (TSE:PBH) opened at C$106.53 on Thursday. The company has a market capitalization of $3,300.00, a P/E ratio of 38.32 and a beta of 0.42. Premium Brands has a 1-year low of C$69.07 and a 1-year high of C$110.28.

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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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