Q2 2024 EPS Estimates for Premium Brands Holdings Co. Reduced by Analyst (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBHFree Report) – Analysts at Ventum Cap Mkts dropped their Q2 2024 earnings per share (EPS) estimates for shares of Premium Brands in a research note issued to investors on Tuesday, May 14th. Ventum Cap Mkts analyst D. Schilling now expects that the company will earn $1.45 per share for the quarter, down from their previous forecast of $1.58. The consensus estimate for Premium Brands’ current full-year earnings is $4.87 per share. Ventum Cap Mkts also issued estimates for Premium Brands’ Q3 2024 earnings at $1.63 EPS, Q4 2024 earnings at $1.27 EPS and FY2024 earnings at $4.89 EPS.

Premium Brands (TSE:PBHGet Free Report) last posted its quarterly earnings results on Friday, March 15th. The company reported C$0.85 earnings per share for the quarter, missing the consensus estimate of C$1.13 by C($0.28). The business had revenue of C$1.55 billion during the quarter, compared to the consensus estimate of C$1.61 billion. Premium Brands had a return on equity of 5.26% and a net margin of 1.50%.

A number of other research analysts also recently commented on PBH. Pi Financial reiterated a “buy” rating and set a C$112.00 target price on shares of Premium Brands in a research report on Tuesday, April 16th. Royal Bank of Canada increased their target price on Premium Brands from C$99.00 to C$101.00 and gave the company a “sector perform” rating in a research report on Tuesday. Desjardins increased their target price on Premium Brands from C$105.00 to C$106.00 and gave the company a “buy” rating in a research report on Tuesday. TD Securities increased their target price on Premium Brands from C$120.00 to C$125.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus raised their price target on Premium Brands from C$104.00 to C$106.00 and gave the stock a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Premium Brands presently has a consensus rating of “Moderate Buy” and an average target price of C$113.50.

Read Our Latest Report on PBH

Premium Brands Stock Up 0.5 %

TSE PBH opened at C$92.81 on Wednesday. The company has a debt-to-equity ratio of 149.12, a quick ratio of 1.16 and a current ratio of 2.08. The company has a market capitalization of C$4.12 billion, a P/E ratio of 43.99, a P/E/G ratio of 1.10 and a beta of 1.01. Premium Brands has a one year low of C$84.66 and a one year high of C$113.60. The stock has a 50 day moving average price of C$88.53 and a 200-day moving average price of C$90.91.

Premium Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, June 28th. Premium Brands’s dividend payout ratio is currently 161.14%.

Premium Brands Company Profile

(Get Free Report)

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.

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

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