Raymond James Weighs in on Premium Brands FY2024 Earnings

Premium Brands Holdings Co. (TSE:PBH) – Equities research analysts at Raymond James issued their FY2024 earnings per share (EPS) estimates for Premium Brands in a note issued to investors on Wednesday, December 18th. Raymond James analyst M. Glen anticipates that the company will post earnings per share of $3.77 for the year. Raymond James has a “Moderate Buy” rating on the stock. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share. Raymond James also issued estimates for Premium Brands’ FY2025 earnings at $4.89 EPS and FY2026 earnings at $6.13 EPS.

A number of other equities analysts have also recently issued reports on the stock. Royal Bank of Canada cut their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. Stifel Nicolaus cut their price target on Premium Brands from C$106.00 to C$101.00 in a report on Thursday, November 7th. BMO Capital Markets decreased their price objective on Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. National Bankshares upped their target price 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. Finally, CIBC reduced their price target on shares of Premium Brands from C$103.00 to C$90.00 in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$103.11.

Premium Brands Trading Up 0.3 %

TSE:PBH opened at C$79.09 on Monday. Premium Brands has a 12 month low of C$75.67 and a 12 month high of C$97.10. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. The stock has a market capitalization of C$3.51 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 1.10 and a beta of 0.98. The firm has a fifty day simple moving average of C$84.29 and a two-hundred day simple moving average of C$88.59.

Premium Brands (TSE:PBH) last released its quarterly earnings data 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 net margin of 1.78% and a return on equity of 6.43%. During the same quarter in the prior year, the business posted $1.27 earnings per share.

Premium Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s payout ratio is currently 133.86%.

Insider Activity at Premium Brands

In other news, Director Johnny Ciampi bought 2,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were purchased at an average price of C$78.78 per share, with a total value of C$157,560.00. 2.01% of the stock is currently owned by insiders.

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.