FY2024 EPS Estimate for Premium Brands Reduced by Analyst

Premium Brands Holdings Co. (TSE:PBH) – Analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for Premium Brands in a note issued to investors on Wednesday, November 6th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $3.95 for the year, down from their prior forecast of $4.20. 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 $1.03 EPS, Q4 2025 earnings at $1.35 EPS and FY2026 earnings at $5.78 EPS.

Several other equities research analysts have also issued reports on PBH. Stifel Nicolaus lowered their price objective on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday. Royal Bank of Canada dropped their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a research note on Thursday. National Bankshares increased their target price on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. TD Securities dropped their price target on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday. Finally, BMO Capital Markets reduced their price objective on shares of Premium Brands from C$111.00 to C$94.00 in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$108.30.

Premium Brands Price Performance

Premium Brands stock opened at C$76.55 on Friday. Premium Brands has a 52-week low of C$75.67 and a 52-week high of C$97.28. The company has a market cap of C$3.40 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.10 and a beta of 0.98. The firm’s fifty day moving average is C$90.94 and its 200 day moving average is C$90.52. 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 (TSE:PBH) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same period in the prior year, the company posted $1.27 earnings per share.

Premium Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Tuesday, December 31st. Premium Brands’s payout ratio is 133.86%.

Insider Activity

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 value of C$604,100.00. In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. Also, Director Johnny Ciampi purchased 3,500 shares of Premium Brands stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of C$77.02 per share, with a total value of C$269,570.00. Insiders own 2.01% of the company’s stock.

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.