FY2024 EPS Estimates for Premium Brands Holdings Co. (TSE:PBH) Increased by Analyst

Premium Brands Holdings Co. (TSE:PBH) – Analysts at National Bank Financial increased their FY2024 earnings per share estimates for shares of Premium Brands in a note issued to investors on Monday, April 29th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $5.11 per share for the year, up from their prior forecast of $5.09. The consensus estimate for Premium Brands’ current full-year earnings is $4.84 per share.

Premium Brands (TSE:PBH) last posted its earnings results 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 company had revenue of C$1.55 billion for the quarter, compared to analysts’ expectations of C$1.61 billion. Premium Brands had a net margin of 1.50% and a return on equity of 5.26%.

Other research analysts have also issued research reports about the company. Stifel Nicolaus cut their price objective on Premium Brands from C$108.00 to C$104.00 and set a “buy” rating for the company in a report on Monday, March 18th. Royal Bank of Canada cut their price objective on Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating for the company in a report on Monday, March 18th. National Bankshares boosted their price objective on Premium Brands from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a report on Tuesday. TD Securities cut their target price on Premium Brands from C$130.00 to C$120.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Finally, Pi Financial reaffirmed a “buy” rating and issued a C$112.00 target price on shares of Premium Brands in a research note on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$111.70.

Premium Brands Stock Down 1.4 %

Shares of TSE PBH opened at C$88.90 on Thursday. Premium Brands has a 12 month low of C$84.66 and a 12 month high of C$113.60. The company has a current ratio of 2.08, a quick ratio of 1.16 and a debt-to-equity ratio of 149.12. The firm has a market capitalization of C$3.95 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 1.10 and a beta of 1.01. The business has a 50-day moving average of C$88.69 and a 200-day moving average of C$91.11.

Premium Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.85 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.40 annualized dividend and a yield of 3.82%. This is an increase from Premium Brands’s previous quarterly dividend of $0.77. Premium Brands’s payout ratio is presently 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.