Premium Brands Holdings Co. Expected to Post Q2 2024 Earnings of $1.58 Per Share (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBH) – Research analysts at Pi Financial issued their Q2 2024 earnings estimates for Premium Brands in a research note issued on Tuesday, April 16th. Pi Financial analyst D. Schilling forecasts that the company will earn $1.58 per share for the quarter. Pi Financial currently has a “Buy” rating and a $112.00 target price on the stock. The consensus estimate for Premium Brands’ current full-year earnings is $4.84 per share. Pi Financial also issued estimates for Premium Brands’ Q3 2024 earnings at $1.65 EPS and Q4 2024 earnings at $1.32 EPS.

Other equities analysts also recently issued research reports about the stock. TD Securities reduced their price objective on shares of Premium Brands from C$130.00 to C$120.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Stifel Nicolaus reduced their price objective on shares of Premium Brands from C$108.00 to C$104.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. CIBC reduced their price objective on shares of Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. BMO Capital Markets reduced their price objective on shares of Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Finally, Royal Bank of Canada cut 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 research note 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’s stock. Based on data from MarketBeat.com, Premium Brands currently has an average rating of “Moderate Buy” and a consensus price target of C$111.60.

Premium Brands Stock Up 1.1 %

PBH stock opened at C$86.54 on Wednesday. The company’s 50 day simple moving average is C$89.13 and its 200-day simple moving average is C$91.45. The firm has a market capitalization of C$3.84 billion, a PE ratio of 41.01, a P/E/G ratio of 1.10 and a beta of 1.01. Premium Brands has a 12 month low of C$84.66 and a 12 month 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.

Premium Brands (TSE:PBH) last released 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). The business had revenue of C$1.55 billion during the quarter, compared to analyst estimates of C$1.61 billion. Premium Brands had a net margin of 1.50% and a return on equity of 5.26%.

Premium Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.85 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.40 dividend on an annualized basis and a yield of 3.93%. This is an increase from Premium Brands’s previous quarterly dividend of $0.77. Premium Brands’s dividend payout ratio (DPR) is currently 161.14%.

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.