Premium Brands Holdings Co. (TSE:PBH) to Post Q3 2024 Earnings of $1.43 Per Share, Stifel Canada Forecasts (2024)

Posted by Defense World Staff on Aug 12th, 2024

Premium Brands Holdings Co. (TSE:PBH – Free Report) – Equities research analysts at Stifel Canada cut their Q3 2024 earnings estimates for shares of Premium Brands in a research report issued to clients and investors on Thursday, August 8th. Stifel Canada analyst M. Landry now anticipates that the company will post earnings per share of $1.43 for the quarter, down from their prior forecast of $1.60. The consensus estimate for Premium Brands’ current full-year earnings is $4.91 per share.

Other equities research analysts have also issued reports about the stock. TD Securities increased their price objective on shares of Premium Brands from C$120.00 to C$125.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Stifel Nicolaus raised 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, May 14th. BMO Capital Markets cut their target price on shares of Premium Brands from C$115.00 to C$111.00 in a report on Friday. Pi Financial reissued a “buy” rating and issued a C$112.00 target price on shares of Premium Brands in a report on Tuesday, April 16th. Finally, Royal Bank of Canada raised their target price on shares of Premium Brands from C$99.00 to C$101.00 and gave the company a “sector perform” rating in a report on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$112.00.

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Premium Brands Trading Down 0.6 %

Shares of PBH opened at C$86.05 on Monday. The company has a debt-to-equity ratio of 159.19, a current ratio of 2.02 and a quick ratio of 1.16. Premium Brands has a 1 year low of C$84.66 and a 1 year high of C$113.60. The company has a 50 day simple moving average of C$91.58 and a two-hundred day simple moving average of C$90.43. The firm has a market cap of C$3.82 billion, a P/E ratio of 40.40, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00.

Premium Brands (TSE:PBH – Get Free Report) last announced its quarterly earnings data on Monday, May 13th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.02). Premium Brands had a net margin of 1.50% and a return on equity of 5.37%. The company had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.45 billion.

Premium Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Monday, September 30th. Premium Brands’s payout ratio is 159.62%.

Premium Brands Company Profile

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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.