Premium Brands Holdings Co. (TSE:PBH) Expected to Earn Q2 2024 Earnings of $1.58 Per Share

Premium Brands Holdings Co. (TSE:PBH) – Analysts at Pi Financial issued their Q2 2024 EPS estimates for shares of Premium Brands in a report released on Tuesday, April 16th. Pi Financial analyst D. Schilling expects that the company will earn $1.58 per share for the quarter. Pi Financial currently has a “Buy” rating and a $112.00 target price on the stock. The consensus estimate for Premium Brands’ current full-year earnings is $4.84 per share. Pi Financial also issued estimates for Premium Brands’ Q3 2024 earnings at $1.65 EPS and Q4 2024 earnings at $1.32 EPS.

A number of other analysts have also weighed in on PBH. Desjardins reduced their price objective on shares of Premium Brands from C$110.00 to C$105.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. BMO Capital Markets reduced their price objective on shares of Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating on the stock in a research report on Monday, March 18th. Stifel Nicolaus reduced their price objective on shares of Premium Brands from C$108.00 to C$104.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. CIBC reduced their price objective on shares of Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Finally, Royal Bank of Canada reduced their price objective on shares of Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating on the stock in a research report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$111.60.

Premium Brands Stock Up 0.3 %

Shares of TSE PBH opened at C$85.57 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.16 and a debt-to-equity ratio of 149.12. Premium Brands has a 12-month low of C$84.66 and a 12-month high of C$113.60. The stock has a market capitalization of C$3.80 billion, a price-to-earnings ratio of 40.55, a P/E/G ratio of 1.10 and a beta of 1.01. The firm’s 50-day moving average price is C$89.24 and its 200-day moving average price is C$91.48.

Premium Brands (TSE:PBH) last announced its earnings results on Friday, March 15th. The company reported C$0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.13 by C($0.28). The business had revenue of C$1.55 billion for the quarter, compared to analysts’ expectations of C$1.61 billion. Premium Brands had a net margin of 1.50% and a return on equity of 5.26%.

Premium Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.85 dividend. This is an increase from Premium Brands’s previous quarterly dividend of $0.77. This represents a $3.40 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, March 27th. Premium Brands’s dividend payout ratio is currently 161.14%.

Premium Brands Company Profile

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.