FY2024 EPS Estimate for Premium Brands Decreased by Analyst

Premium Brands Holdings Co. (TSE:PBH) – Stock analysts at National Bank Financial lowered their FY2024 earnings estimates for Premium Brands in a research report issued on Wednesday, October 23rd. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $4.54 per share for the year, down from their prior forecast of $4.83. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share. National Bank Financial also issued estimates for Premium Brands’ Q1 2025 earnings at $0.73 EPS, Q3 2025 earnings at $1.69 EPS and Q4 2025 earnings at $1.53 EPS.

Several other equities research analysts have also weighed in on PBH. Royal Bank of Canada dropped their target price on Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. BMO Capital Markets dropped their price objective on shares of Premium Brands from C$115.00 to C$111.00 in a report on Friday, August 9th. National Bankshares boosted their target price on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, TD Securities lifted their price target on Premium Brands from C$125.00 to C$129.00 and gave the company a “buy” rating in a report on Monday, August 12th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Premium Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of C$113.10.

Premium Brands Stock Up 0.1 %

Shares of Premium Brands stock opened at C$92.66 on Friday. Premium Brands has a twelve month low of C$84.66 and a twelve month high of C$97.28. The stock has a market capitalization of C$4.12 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. The business’s 50 day simple moving average is C$91.31 and its 200-day simple moving average is C$90.61.

Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 earnings per share for the quarter, missing the consensus estimate of C$1.32 by C($0.04). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. The business had revenue of C$1.70 billion for the quarter, compared to analyst estimates of C$1.70 billion.

Insiders Place Their Bets

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total value of C$604,100.00. 2.01% of the stock is owned by company insiders.

Premium Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Monday, September 30th. Premium Brands’s payout ratio is currently 133.86%.

About Premium Brands

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.