Premium Brands (PBH) to Release Quarterly Earnings on Monday

Premium Brands (TSE:PBH) will be issuing its quarterly earnings data before the market opens on Monday, May 13th. Analysts expect the company to announce earnings of C$0.56 per share for the quarter.

Premium Brands (TSE:PBH) last issued its earnings results on Friday, March 15th. The company reported C$0.85 earnings per share 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 company had revenue of C$1.55 billion during the quarter, compared to analyst estimates of C$1.61 billion.

Premium Brands Price Performance

Shares of TSE PBH opened at C$89.14 on Friday. Premium Brands has a 1-year low of C$84.66 and a 1-year high of C$113.60. The company has a debt-to-equity ratio of 149.12, a current ratio of 2.08 and a quick ratio of 1.16. The business’s fifty day moving average price is C$88.38 and its two-hundred day moving average price is C$90.88. The firm has a market capitalization of C$3.96 billion, a PE ratio of 42.25, a P/E/G ratio of 1.10 and a beta of 1.01.

Premium Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.81%. This is a positive change from Premium Brands’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Wednesday, March 27th. Premium Brands’s dividend payout ratio (DPR) is 161.14%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. CIBC lowered their target price on Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. Royal Bank of Canada lowered their target price on 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. Pi Financial reaffirmed a “buy” rating and set a C$112.00 target price on shares of Premium Brands in a report on Tuesday, April 16th. BMO Capital Markets lowered their target price on 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. Finally, National Bankshares lifted their target price on Premium Brands from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$111.70.

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.