Q2 2024 EPS Estimates for Premium Brands Holdings Co. Reduced by Analyst (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBHFree Report) – Equities research analysts at Ventum Cap Mkts decreased their Q2 2024 earnings estimates for shares of Premium Brands in a research note issued on Tuesday, May 14th. Ventum Cap Mkts analyst D. Schilling now expects that the company will earn $1.45 per share for the quarter, down from their prior estimate of $1.58. The consensus estimate for Premium Brands’ current full-year earnings is $4.87 per share. Ventum Cap Mkts also issued estimates for Premium Brands’ Q3 2024 earnings at $1.63 EPS, Q4 2024 earnings at $1.27 EPS and FY2024 earnings at $4.89 EPS.

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

A number of other research firms have also recently weighed in on PBH. National Bankshares boosted their price target on Premium Brands from C$110.00 to C$112.00 and gave the stock a “sector perform” rating in a report on Tuesday. Stifel Nicolaus upped their target price on shares of Premium Brands from C$104.00 to C$106.00 and gave the company a “buy” rating in a report on Tuesday. 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 for the company in a report on Monday, March 18th. Royal Bank of Canada upped their price objective on shares of Premium Brands from C$99.00 to C$101.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, TD Securities lifted their target price on shares of Premium Brands from C$120.00 to C$125.00 and gave the stock a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$113.50.

View Our Latest Research Report on PBH

Premium Brands Price Performance

PBH stock opened at C$92.81 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 stock’s 50 day moving average price is C$88.53 and its 200 day moving average price is C$90.91. The firm has a market cap of C$4.12 billion, a P/E ratio of 43.99, a PEG ratio of 1.10 and a beta of 1.01. Premium Brands has a 1 year low of C$84.66 and a 1 year high of C$113.60.

Premium Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, June 28th. Premium Brands’s dividend payout ratio is currently 161.14%.

Premium Brands Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Premium Brands (TSE:PBH)

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