Premium Brands Holdings Co. to Post Q3 2024 Earnings of $1.78 Per Share, National Bank Financial Forecasts (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBH) – Analysts at National Bank Financial upped their Q3 2024 earnings estimates for shares of Premium Brands in a research note issued to investors on Monday, April 29th. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $1.78 per share for the quarter, up from their prior estimate of $1.77. The consensus estimate for Premium Brands’ current full-year earnings is $4.84 per share. National Bank Financial also issued estimates for Premium Brands’ Q1 2025 earnings at $0.74 EPS, Q4 2025 earnings at $1.38 EPS and FY2025 earnings at $5.77 EPS.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Friday, March 15th. The company reported C$0.85 EPS for the quarter, missing the consensus estimate of C$1.13 by C($0.28). Premium Brands had a return on equity of 5.26% and a net margin of 1.50%. The business had revenue of C$1.55 billion for the quarter, compared to the consensus estimate of C$1.61 billion.

Several other research analysts have also recently weighed in on PBH. Royal Bank of Canada lowered their price target on shares of Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating on the stock in a report on Monday, March 18th. TD Securities lowered their price target on shares of Premium Brands from C$130.00 to C$120.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Desjardins lowered their price target on shares of Premium Brands from C$110.00 to C$105.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Pi Financial reissued a “buy” rating and issued a C$112.00 price target on shares of Premium Brands in a report on Tuesday, April 16th. Finally, BMO Capital Markets lowered their price target on shares of Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating on the stock in a report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$111.70.

Premium Brands Stock Down 1.4 %

Shares of PBH stock opened at C$88.90 on Wednesday. The company has a debt-to-equity ratio of 149.12, a quick ratio of 1.16 and a current ratio of 2.08. The firm’s 50-day moving average is C$88.69 and its 200-day moving average is C$91.11. The stock has a market cap of C$3.95 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 1.10 and a beta of 1.01. Premium Brands has a 52-week low of C$84.66 and a 52-week high of C$113.60.

Premium Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.40 dividend on an annualized basis and a yield of 3.82%. This is a positive change from Premium Brands’s previous quarterly dividend of $0.77. Premium Brands’s dividend payout ratio (DPR) is currently 161.14%.

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.