Premium Brands (PBH) Set to Announce Earnings on Monday

Premium Brands (TSE:PBH) will be releasing its earnings data before the market opens on Monday, November 11th. Analysts expect Premium Brands to post earnings of C$1.06 per share for the quarter.

Premium Brands (TSE:PBH) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.72 by C$0.38. The firm had revenue of C$945.40 million for the quarter, compared to analyst estimates of C$958.00 million.

Shares of TSE:PBH traded up C$0.32 during midday trading on Friday, hitting C$86.91. 70,900 shares of the stock were exchanged, compared to its average volume of 106,370. The stock has a market cap of $3.23 billion and a P/E ratio of 30.93. The company has a current ratio of 1.92, a quick ratio of 0.93 and a debt-to-equity ratio of 117.09. Premium Brands has a twelve month low of C$66.99 and a twelve month high of C$98.87. The company has a 50 day moving average price of C$91.15 and a 200-day moving average price of C$90.02.

Several research firms have recently issued reports on PBH. Cormark lifted their price target on Premium Brands from C$97.00 to C$106.00 in a research note on Wednesday, August 14th. CIBC boosted their target price on shares of Premium Brands from C$84.00 to C$94.00 in a research note on Thursday, August 8th. Royal Bank of Canada cut their target price on shares of Premium Brands from C$103.00 to C$102.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. Finally, TD Securities boosted their target price on shares of Premium Brands from C$96.00 to C$110.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$99.67.

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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, and baking and sushi products.

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Earnings History for Premium Brands (TSE:PBH)

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