FY2024 EPS Forecast for Premium Brands Decreased by Analyst

Premium Brands Holdings Co. (TSE:PBH) – Investment analysts at National Bank Financial reduced their FY2024 EPS estimates for shares of Premium Brands in a note issued to investors on Wednesday, October 23rd. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $4.54 per share for the year, down from their prior estimate 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.

A number of other brokerages also recently issued reports on PBH. TD Securities increased their price target on Premium Brands from C$125.00 to C$129.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. BMO Capital Markets dropped their price target on Premium Brands from C$115.00 to C$111.00 in a research note on Friday, August 9th. Royal Bank of Canada reduced their price objective on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Finally, 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 report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Premium Brands currently has an average rating of “Moderate Buy” and a consensus price target of C$113.10.

Premium Brands Stock Up 0.6 %

PBH stock opened at C$92.55 on Friday. Premium Brands has a fifty-two week low of C$84.66 and a fifty-two week high of C$97.28. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. The stock has a market capitalization of C$4.11 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 1.10 and a beta of 0.98. The business’s fifty day moving average price is C$91.20 and its two-hundred day moving average price is C$90.58.

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

Insiders Place Their Bets

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total value of C$604,100.00. Insiders own 2.01% of the company’s stock.

Premium Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.85 dividend. The ex-dividend date was Monday, September 30th. This represents a $3.40 dividend on an annualized basis and a yield of 3.67%. Premium Brands’s dividend 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.