What is Desjardins' Estimate for Premium Brands Q3 Earnings?

Premium Brands Holdings Co. (TSE:PBH - Free Report) - Desjardins issued their Q3 2024 earnings per share estimates for Premium Brands in a research note issued on Monday, October 28th. Desjardins analyst C. Li expects that the company will post earnings of $1.19 per share for the quarter. The consensus estimate for Premium Brands' current full-year earnings is $6.04 per share.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada dropped their price target on shares of Premium Brands from C$101.00 to C$100.00 and set a "sector perform" rating on the stock in a research note on Monday, August 12th. National Bankshares raised their price target on Premium Brands from C$101.00 to C$109.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 24th. BMO Capital Markets lowered their price target on Premium Brands from C$115.00 to C$111.00 in a research note on Friday, August 9th. Finally, TD Securities lifted 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$113.10.

Premium Brands Stock Down 1.5 %

Premium Brands stock traded down C$1.33 during trading hours on Thursday, hitting C$86.94. The company had a trading volume of 109,343 shares, compared to its average volume of 49,077. The firm's fifty day moving average is C$91.43 and its 200-day moving average is C$90.61. The firm has a market capitalization of C$3.86 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands has a fifty-two week low of C$84.66 and a fifty-two week high of C$97.28. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16.

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

Insider Transactions at Premium Brands

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm's stock in a transaction 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. Corporate insiders own 2.01% of the company's stock.

Premium Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.91%. The ex-dividend date was Monday, September 30th. Premium Brands's dividend 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.