FY2023 EPS Estimates for Premium Brands Holdings Co. (TSE:PBH) Decreased by National Bank Financial

Premium Brands Holdings Co. (TSE:PBHFree Report) – Research analysts at National Bank Financial decreased their FY2023 EPS estimates for shares of Premium Brands in a research note issued on Thursday, February 8th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $4.31 per share for the year, down from their prior estimate of $4.45. The consensus estimate for Premium Brands’ current full-year earnings is $5.67 per share. National Bank Financial also issued estimates for Premium Brands’ Q4 2023 earnings at $1.14 EPS, Q2 2024 earnings at $1.50 EPS and Q3 2024 earnings at $1.59 EPS.

Premium Brands (TSE:PBHGet Free Report) last posted its earnings results on Tuesday, November 14th. The company reported C$1.27 earnings per share for the quarter, missing the consensus estimate of C$1.42 by C($0.15). Premium Brands had a net margin of 1.74% and a return on equity of 6.10%. The firm had revenue of C$1.64 billion during the quarter, compared to analyst estimates of C$1.72 billion.

PBH has been the topic of several other reports. Cormark decreased their target price on shares of Premium Brands from C$140.00 to C$130.00 in a research report on Wednesday, November 15th. Pi Financial reaffirmed a “buy” rating and issued a C$111.00 price objective on shares of Premium Brands in a report on Thursday, December 7th. Royal Bank of Canada reduced their price objective on shares of Premium Brands from C$110.00 to C$103.00 and set a “sector perform” rating for the company in a report on Wednesday, November 15th. Desjardins cut their price objective on Premium Brands from C$124.00 to C$110.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Finally, Stifel Nicolaus upgraded Premium Brands from a “hold” rating to a “buy” rating and dropped their target price for the company from C$111.00 to C$108.00 in a report on Wednesday, November 15th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Premium Brands currently has a consensus rating of “Moderate Buy” and an average target price of C$115.30.

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Premium Brands Trading Up 0.6 %

Shares of Premium Brands stock opened at C$92.24 on Monday. The stock has a market cap of C$4.12 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 1.10 and a beta of 1.01. The company has a current ratio of 2.15, a quick ratio of 1.16 and a debt-to-equity ratio of 148.60. Premium Brands has a 12-month low of C$87.68 and a 12-month high of C$113.60. The company has a fifty day simple moving average of C$93.41 and a 200-day simple moving average of C$96.28.

Premium Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.08 annualized dividend and a yield of 3.34%. Premium Brands’s dividend payout ratio is 125.20%.

About Premium Brands

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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, and baking and sushi products.

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Earnings History and Estimates for Premium Brands (TSE:PBH)

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