Raymond James Predicts Premium Brands FY2024 Earnings

Premium Brands Holdings Co. (TSE:PBH) – Equities research analysts at Raymond James issued their FY2024 earnings per share (EPS) estimates for Premium Brands in a note issued to investors on Wednesday, December 18th. Raymond James analyst M. Glen anticipates that the company will post earnings per share of $3.77 for the year. Raymond James has a “Moderate Buy” rating on the stock. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share. Raymond James also issued estimates for Premium Brands’ FY2025 earnings at $4.89 EPS and FY2026 earnings at $6.13 EPS.

Premium Brands (TSE:PBH) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same quarter last year, the firm earned $1.27 EPS.

PBH has been the topic of a number of other reports. Royal Bank of Canada cut their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. CIBC dropped their target price on shares of Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. TD Securities decreased their target price on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. BMO Capital Markets cut their price target on Premium Brands from C$111.00 to C$94.00 in a research note on Thursday, November 7th. Finally, Stifel Nicolaus lowered their price objective on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$103.11.

Premium Brands Stock Down 0.6 %

PBH stock opened at C$79.59 on Monday. The stock’s 50 day moving average is C$83.74 and its 200-day moving average is C$88.47. Premium Brands has a twelve month low of C$75.67 and a twelve month high of C$97.10. The firm has a market capitalization of C$3.53 billion, a PE ratio of 31.33, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28.

Premium Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.40 annualized dividend and a yield of 4.27%. Premium Brands’s dividend payout ratio is 133.86%.

Insider Transactions at Premium Brands

In other Premium Brands news, Director Johnny Ciampi bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was bought at an average cost of C$78.78 per share, for a total transaction of C$157,560.00. Company insiders own 2.01% of the company’s stock.

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.