Premium Brands Q3 EPS Lowered by National Bank Financial

Premium Brands Holdings Co. (TSE:PBH - Free Report) - Investment analysts at National Bank Financial decreased their Q3 2024 earnings estimates for Premium Brands in a report issued on Sunday, November 3rd. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $1.24 per share for the quarter, down from their previous estimate of $1.38. 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 $1.15 EPS, FY2024 earnings at $4.20 EPS, Q2 2025 earnings at $1.47 EPS and Q3 2025 earnings at $1.53 EPS.

Other equities research analysts have also issued reports about the company. BMO Capital Markets decreased their target price on Premium Brands from C$115.00 to C$111.00 in a research report on Friday, August 9th. TD Securities upped their price target on shares of Premium Brands from C$125.00 to C$129.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. National Bankshares lifted 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 report on Thursday, October 24th. Finally, Royal Bank of Canada lowered their target price on Premium Brands from C$101.00 to C$100.00 and set a "sector perform" rating for the company in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$113.10.

Premium Brands Trading Down 0.8 %

Shares of TSE:PBH traded down C$0.66 during trading on Tuesday, reaching C$84.73. 106,945 shares of the company were exchanged, compared to its average volume of 49,560. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. The firm has a market capitalization of C$3.76 billion, a PE ratio of 33.36, a P/E/G ratio of 1.10 and a beta of 0.98. The business's fifty day simple moving average is C$91.40 and its 200-day simple moving average is C$90.67. Premium Brands has a 12-month low of C$84.60 and a 12-month high of C$97.28.

Premium Brands (TSE:PBH - Get Free Report) last posted 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). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. The firm had revenue of C$1.70 billion during the quarter, compared to analysts' expectations of C$1.70 billion.

Premium Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Monday, September 30th. Premium Brands's payout ratio is currently 133.86%.

Insiders Place Their Bets

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 value of C$604,100.00. Corporate insiders own 2.01% of the company's stock.

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.