Brokers Issue Forecasts for Premium Brands FY2024 Earnings

Premium Brands Holdings Co. (TSE:PBH - Free Report) - Analysts at National Bank Financial upped their FY2024 EPS estimates for Premium Brands in a report issued on Wednesday, February 26th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $3.98 for the year, up from their prior estimate of $3.95. The consensus estimate for Premium Brands' current full-year earnings is $6.04 per share. National Bank Financial also issued estimates for Premium Brands' Q4 2024 earnings at $1.06 EPS, Q4 2025 earnings at $1.40 EPS and FY2026 earnings at $6.18 EPS.

Several other equities analysts have also issued reports on the company. CIBC cut their target price on Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. Raymond James set a C$100.00 price objective on shares of Premium Brands and gave the stock an "outperform" rating in a research report on Thursday, December 19th. National Bankshares decreased their target price on shares of Premium Brands from C$99.00 to C$96.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. Stifel Nicolaus cut their price target on shares of Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. Finally, BMO Capital Markets decreased their price objective on Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$101.67.

Premium Brands Stock Down 0.6 %

Shares of TSE:PBH traded down C$0.44 on Monday, reaching C$76.15. The company had a trading volume of 14,078 shares, compared to its average volume of 66,199. The firm has a market capitalization of C$3.39 billion, a PE ratio of 33.90, a PEG ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. Premium Brands has a 52-week low of C$74.00 and a 52-week high of C$97.10. The firm's 50 day simple moving average is C$78.28 and its 200-day simple moving average is C$83.84.

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.