FY2024 EPS Estimates for Premium Brands Decreased by Analyst

Premium Brands Holdings Co. (TSE:PBH) – Equities research analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of Premium Brands in a note issued to investors on Wednesday, October 23rd. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $4.54 per share for the year, down from their previous estimate of $4.83. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share. National Bank Financial also issued estimates for Premium Brands’ Q1 2025 earnings at $0.73 EPS, Q3 2025 earnings at $1.69 EPS and Q4 2025 earnings at $1.53 EPS.

Premium Brands (TSE:PBH) last issued its earnings results on Thursday, August 8th. The company reported C$1.28 EPS for the quarter, missing the consensus estimate of C$1.32 by C($0.04). The firm had revenue of C$1.70 billion during the quarter, compared to analyst estimates of C$1.70 billion. Premium Brands had a net margin of 1.78% and a return on equity of 6.43%.

A number of other equities analysts have also recently issued reports on the stock. TD Securities upped their price objective on shares of Premium Brands from C$125.00 to C$129.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada lowered their price objective on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. BMO Capital Markets lowered their price objective on shares of Premium Brands from C$115.00 to C$111.00 in a research report on Friday, August 9th. Finally, National Bankshares upped their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Premium Brands currently has a consensus rating of “Moderate Buy” and an average price target of C$113.10.

Premium Brands Price Performance

Shares of TSE:PBH opened at C$92.66 on Friday. The firm has a 50 day moving average of C$91.31 and a 200-day moving average of C$90.60. The stock has a market capitalization of C$4.12 billion, a PE ratio of 36.48, a PEG ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. Premium Brands has a 12 month low of C$84.66 and a 12 month high of C$97.28.

Premium Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Monday, September 30th. Premium Brands’s dividend payout ratio (DPR) is currently 133.86%.

Insider Buying and Selling at Premium Brands

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total value of C$604,100.00. Corporate insiders own 2.01% of the company’s stock.

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.