Premium Brands (TSE:PBH - Get Free Report) released its earnings results on Wednesday. The company reported C$1.11 EPS for the quarter, missing the consensus estimate of C$1.36 by C($0.25), RTT News reports. Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same period last year, the firm earned $1.27 earnings per share.
Premium Brands Stock Performance
Premium Brands has a 52 week low of C$75.67 and a 52 week high of C$97.28. The firm has a 50-day simple moving average of C$91.17 and a 200-day simple moving average of C$90.54. The firm has a market capitalization of C$3.38 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28.
Premium Brands Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of ∞. The ex-dividend date is Tuesday, December 31st. Premium Brands's payout ratio is presently 133.86%.
Insider Transactions at Premium Brands
In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total value of C$604,100.00. 2.01% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. TD Securities cut their target price on shares of Premium Brands from C$129.00 to C$120.00 and set a "buy" rating on the stock in a research report on Thursday. CIBC dropped their price target on shares of Premium Brands from C$103.00 to C$90.00 in a research note on Thursday. National Bankshares raised their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a "sector perform" rating in a research note on Thursday, October 24th. Stifel Nicolaus dropped their target price on shares of Premium Brands from C$106.00 to C$101.00 in a research report on Thursday. Finally, BMO Capital Markets reduced their price target on Premium Brands from C$111.00 to C$94.00 in a research report on Thursday. Three 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 has a consensus rating of "Moderate Buy" and an average price target of C$108.30.
Check Out Our Latest Report on PBH
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, pizza, and baking and sushi products.
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