Premium Brands Holdings Co. (TSE:PBH) to Post Q2 2024 Earnings of $1.46 Per Share, National Bank Financial Forecasts

Premium Brands Holdings Co. (TSE:PBH) – Stock analysts at National Bank Financial raised their Q2 2024 earnings per share (EPS) estimates for shares of Premium Brands in a note issued to investors on Wednesday, November 15th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $1.46 for the quarter, up from their prior forecast of $0.46. National Bank Financial has a “Sector Perform Overweight” rating on the stock. The consensus estimate for Premium Brands’ current full-year earnings is $5.72 per share. National Bank Financial also issued estimates for Premium Brands’ Q3 2024 earnings at $1.55 EPS and Q4 2024 earnings at $1.57 EPS.

A number of other analysts have also recently weighed in on the company. Cormark dropped their price target on Premium Brands from C$140.00 to C$130.00 in a research report on Wednesday, November 15th. TD Securities raised their target price on Premium Brands from C$125.00 to C$135.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Desjardins lowered their target price on Premium Brands from C$124.00 to C$110.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. CIBC lowered their target price on Premium Brands from C$114.00 to C$110.00 in a research report on Wednesday, August 16th. Finally, National Bankshares lowered their target price on Premium Brands from C$117.00 to C$109.00 in a research report on Wednesday, November 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$116.33.

Premium Brands Stock Up 0.4 %

Shares of Premium Brands stock opened at C$92.34 on Monday. The company has a current ratio of 2.44, a quick ratio of 1.16 and a debt-to-equity ratio of 152.95. The business’s 50 day simple moving average is C$94.67 and its 200-day simple moving average is C$100.57. The stock has a market capitalization of C$4.12 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 1.10 and a beta of 1.00. Premium Brands has a twelve month low of C$79.00 and a twelve month high of C$113.60.

Premium Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.77 per share. The ex-dividend date is Thursday, December 28th. This represents a $3.08 annualized dividend and a yield of 3.34%. Premium Brands’s dividend payout ratio (DPR) is currently 120.78%.

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, and baking and sushi products.