Research Analysts Issue Forecasts for Premium Brands Holdings Co.’s Q1 2024 Earnings (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBH) – Equities research analysts at Pi Financial issued their Q1 2024 earnings per share estimates for Premium Brands in a research note issued to investors on Tuesday, April 16th. Pi Financial analyst D. Schilling forecasts that the company will earn $0.68 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’ FY2024 earnings at $5.24 EPS and FY2025 earnings at $6.21 EPS.

Premium Brands (TSE:PBH) last announced its quarterly earnings data on Friday, March 15th. The company reported C$0.85 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.13 by C($0.28). The firm 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%.

Other analysts have also issued reports about the company. Stifel Nicolaus dropped their target price on Premium Brands from C$108.00 to C$104.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Royal Bank of Canada dropped 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. BMO Capital Markets dropped 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. Desjardins dropped their target price on Premium Brands from C$110.00 to C$105.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Finally, TD Securities dropped their target price on Premium Brands from C$130.00 to C$120.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$111.60.

Premium Brands Stock Up 1.1 %

Shares of PBH stock opened at C$86.54 on Thursday. The stock’s 50-day simple moving average is C$89.13 and its 200-day simple moving average is C$91.45. 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 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 fifty-two week low of C$84.66 and a fifty-two week high of C$113.60.

Premium Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.85 per share. The ex-dividend date of this dividend 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 is currently 161.14%.

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.