Q3 EPS Estimates for Premium Brands Lowered by Analyst

Premium Brands Holdings Co. (TSE:PBH - Free Report) - Research analysts at National Bank Financial dropped their Q3 2024 earnings estimates for shares of Premium Brands in a research note issued to investors on Wednesday, October 23rd. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $1.38 per share for the quarter, down from their previous estimate of $1.67. The consensus estimate for Premium Brands' current full-year earnings is $6.04 per share. National Bank Financial also issued estimates for Premium Brands' FY2025 earnings at $5.52 EPS.

Premium Brands (TSE:PBH - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 earnings per share for the quarter, missing analysts' consensus estimates of C$1.32 by C($0.04). The business had revenue of C$1.70 billion during the quarter, compared to analyst estimates of C$1.70 billion. Premium Brands had a return on equity of 6.43% and a net margin of 1.78%.

PBH has been the subject of several other reports. National Bankshares lifted their price target on Premium Brands from C$101.00 to C$109.00 and gave the company a "sector perform" rating in a research report on Thursday. TD Securities boosted their target price on shares of Premium Brands from C$125.00 to C$129.00 and gave the company a "buy" rating in a research note on Monday, August 12th. BMO Capital Markets dropped their price target on shares of Premium Brands from C$115.00 to C$111.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada decreased their price objective on shares of Premium Brands from C$101.00 to C$100.00 and set a "sector perform" rating for the company in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Premium Brands currently has an average rating of "Moderate Buy" and a consensus target price of C$113.10.

Premium Brands Stock Performance

Shares of TSE PBH traded down C$2.07 during trading on Monday, reaching C$90.59. 26,948 shares of the company traded hands, compared to its average volume of 48,551. The stock has a market cap of C$4.02 billion, a P/E ratio of 35.67, a PEG ratio of 1.10 and a beta of 0.98. The firm's fifty day simple moving average is C$91.37 and its 200 day simple moving average is C$90.64. 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 has a 12-month low of C$84.66 and a 12-month high of C$97.28.

Insider Activity

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of the company's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total transaction of C$604,100.00. Company insiders own 2.01% of the company's stock.

Premium Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.85 per share. The ex-dividend date was Monday, September 30th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.75%. Premium Brands's payout ratio is currently 133.86%.

About Premium Brands

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.