Cormark Issues Positive Estimate for Premium Brands Earnings

Premium Brands Holdings Co. (TSE:PBH) – Cormark upped their FY2025 earnings estimates for shares of Premium Brands in a research note issued on Monday, March 24th. Cormark analyst K. Mcphee now anticipates that the company will earn $5.61 per share for the year, up from their prior forecast of $5.57. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share.

PBH has been the subject of several other reports. Raymond James set a C$100.00 price objective on shares of Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. Desjardins lowered their price target on Premium Brands from C$95.00 to C$93.00 and set a “buy” rating for the company in a research report on Monday. BMO Capital Markets raised their price objective on Premium Brands from C$94.00 to C$100.00 and gave the stock an “outperform” rating in a report on Monday. Ventum Financial boosted their target price on Premium Brands from C$109.00 to C$120.00 and gave the stock a “buy” rating in a report on Monday. Finally, Royal Bank of Canada raised their price target on shares of Premium Brands from C$96.00 to C$97.00 and gave the company an “outperform” rating in a report on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$102.90.

Premium Brands Price Performance

PBH opened at C$82.36 on Tuesday. Premium Brands has a 1 year low of C$74.00 and a 1 year high of C$97.10. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51. The company’s 50 day simple moving average is C$77.85 and its 200 day simple moving average is C$82.85. The stock has a market capitalization of C$3.67 billion, a PE ratio of 36.66, a P/E/G ratio of 1.10 and a beta of 0.98.

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.