FY2025 EPS Estimate for Premium Brands Reduced by Analyst

Premium Brands Holdings Co. (TSE:PBH) – Research analysts at Stifel Canada cut their FY2025 EPS estimates for Premium Brands in a note issued to investors on Wednesday, November 6th. Stifel Canada analyst M. Landry now forecasts that the company will post earnings per share of $5.61 for the year, down from their previous forecast of $5.87. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share. Stifel Canada also issued estimates for Premium Brands’ FY2026 earnings at $6.77 EPS.

Other equities research analysts have also recently issued research reports about the stock. 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. CIBC decreased their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a research report on Thursday. BMO Capital Markets lowered their target price on shares of Premium Brands from C$111.00 to C$94.00 in a research note on Thursday. TD Securities cut their price target on 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, National Bankshares increased 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 report on Thursday, October 24th. 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.com, Premium Brands currently has a consensus rating of “Moderate Buy” and an average price target of C$108.30.

Premium Brands Stock Up 0.6 %

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 firm has a market cap of C$3.40 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The business’s 50-day moving average price is C$90.94 and its 200 day moving average price 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 announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing the consensus estimate 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 last year, the company earned $1.27 EPS.

Insider Buying and Selling at Premium Brands

In other news, Director Johnny Ciampi purchased 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of C$77.02 per share, for a total transaction of C$269,570.00. In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the 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. Also, Director Johnny Ciampi bought 3,500 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was acquired at an average cost of C$77.02 per share, for a total transaction of C$269,570.00. Insiders own 2.01% of the company’s stock.

Premium Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.40 annualized dividend and a yield of 4.44%. Premium Brands’s dividend payout ratio (DPR) 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.