Cormark Issues Positive Forecast for Premium Brands Earnings

Premium Brands Holdings Co. (TSE:PBH) – Cormark raised their FY2025 earnings per share (EPS) estimates for Premium Brands in a research note issued to investors on Monday, January 6th. Cormark analyst K. Mcphee now anticipates that the company will post earnings per share of $5.57 for the year, up from their prior forecast of $5.51. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share. Cormark also issued estimates for Premium Brands’ FY2026 earnings at $7.66 EPS and FY2027 earnings at $8.86 EPS.

Premium Brands (TSE:PBH) last announced 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 return on equity of 6.43% and a net margin of 1.78%. During the same period in the previous year, the business posted $1.27 earnings per share.

A number of other research firms have also weighed in on PBH. CIBC reduced their price objective on shares of Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. BMO Capital Markets cut their price target on Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. Stifel Nicolaus decreased their price objective on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. Royal Bank of Canada dropped their price objective on Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. Finally, Raymond James set a C$100.00 target price on Premium Brands and gave the company an “outperform” rating in a report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Premium Brands has an average rating of “Moderate Buy” and an average target price of C$103.11.

Premium Brands Price Performance

PBH opened at C$78.19 on Thursday. The company has a market capitalization of C$3.47 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 1.10 and a beta of 0.98. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 161.28. The firm has a 50-day moving average price of C$80.40 and a 200-day moving average price of C$87.65. Premium Brands has a twelve month low of C$75.67 and a twelve month high of C$97.10.

Insider Activity

In related news, Director Johnny Ciampi bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was bought at an average cost of C$78.78 per share, for a total transaction of C$157,560.00. Corporate insiders own 2.01% of the company’s stock.

Premium Brands Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.35%. Premium Brands’s dividend payout ratio (DPR) is presently 133.86%.

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.