Premium Brands Holdings Co. to Post Q3 2022 Earnings of $1.70 Per Share, National Bank Financial Forecasts (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBHGet Rating) – National Bank Financial raised their Q3 2022 earnings estimates for shares of Premium Brands in a report issued on Monday, May 9th. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $1.70 per share for the quarter, up from their prior forecast of $1.69. National Bank Financial also issued estimates for Premium Brands’ Q2 2023 earnings at $1.86 EPS.

A number of other research analysts have also recently commented on PBH. Desjardins reaffirmed a “buy” rating and set a C$150.00 price target on shares of Premium Brands in a research report on Sunday, April 17th. National Bankshares cut their target price on Premium Brands from C$138.00 to C$137.00 and set an “outperform” rating for the company in a research note on Tuesday. Royal Bank of Canada dropped their target price on Premium Brands from C$126.00 to C$125.00 and set a “sector perform” rating for the company in a report on Monday. Scotiabank dropped their price target on Premium Brands from C$150.00 to C$145.00 in a research note on Friday, March 11th. Finally, BMO Capital Markets cut their target price on Premium Brands from C$142.00 to C$139.00 in a research note on Monday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Premium Brands presently has a consensus rating of “Buy” and a consensus target price of C$142.67.

Premium Brands stock opened at C$98.60 on Wednesday. The stock has a market cap of C$4.42 billion and a PE ratio of 32.43. The company has a debt-to-equity ratio of 109.15, a quick ratio of 0.93 and a current ratio of 2.09. The firm’s 50-day simple moving average is C$105.72 and its 200 day simple moving average is C$118.76. Premium Brands has a fifty-two week low of C$97.48 and a fifty-two week high of C$137.75.

Premium Brands (TSE:PBHGet Rating) last issued its quarterly earnings data on Thursday, March 10th. The company reported C$1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.17 by C$0.06. The company had revenue of C$1.35 billion for the quarter, compared to the consensus estimate of C$1.27 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.84%. Premium Brands’s dividend payout ratio is presently 83.55%.

About Premium Brands (Get Rating)

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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entrees, panini, wraps, subs, hamburgers, burgers, muffins, breads, pastas, and baking and sushi products, as well as processed meat products and ready-to-eat meals.

Further Reading

Earnings History and Estimates for Premium Brands (TSE:PBH)

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