Premium Brands (PBH) to Release Earnings on Wednesday

Premium Brands (TSE:PBH - Get Free Report) will be announcing its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of C$1.47 per share for the quarter.

Premium Brands (TSE:PBH - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$1.28 earnings per share (EPS) 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%.

Premium Brands Stock Down 0.6 %

PBH stock traded down C$0.54 during trading on Wednesday, hitting C$88.27. 71,871 shares of the company's stock traded hands, compared to its average volume of 48,784. The firm has a market capitalization of C$3.92 billion, a P/E ratio of 34.69, a PEG ratio of 1.10 and a beta of 0.98. The business has a fifty day simple moving average of C$91.41 and a two-hundred day simple moving average of C$90.63. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. Premium Brands has a 1 year low of C$84.66 and a 1 year high of C$97.28.

Premium Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 3.85%. The ex-dividend date was Monday, September 30th. Premium Brands's payout ratio is 133.86%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PBH shares. BMO Capital Markets cut their price objective on shares of Premium Brands from C$115.00 to C$111.00 in a report on Friday, August 9th. Royal Bank of Canada cut 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 report on Monday, August 12th. National Bankshares lifted their price target on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a "sector perform" rating in a report on Thursday, October 24th. Finally, TD Securities lifted 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 report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Premium Brands currently has a consensus rating of "Moderate Buy" and an average price target of C$113.10.

Insider Transactions at Premium Brands

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total transaction 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.