Premium Brands Holdings Co. (TSE:PBH) Expected to Post Q2 2024 Earnings of $1.58 Per Share

Premium Brands Holdings Co. (TSE:PBH) – Stock analysts at Pi Financial issued their Q2 2024 earnings per share estimates for Premium Brands in a research report issued on Tuesday, April 16th. Pi Financial analyst D. Schilling anticipates that the company will post earnings per share of $1.58 for the quarter. Pi Financial has a “Buy” rating and a $112.00 price target on the stock. The consensus estimate for Premium Brands’ current full-year earnings is $4.84 per share. Pi Financial also issued estimates for Premium Brands’ Q3 2024 earnings at $1.65 EPS and Q4 2024 earnings at $1.32 EPS.

Premium Brands (TSE:PBH) last issued its earnings results on Friday, March 15th. The company reported C$0.85 EPS for the quarter, missing the consensus estimate of C$1.13 by C($0.28). The firm had revenue of C$1.55 billion during the quarter, compared to the consensus estimate of C$1.61 billion. Premium Brands had a return on equity of 5.26% and a net margin of 1.50%.

Several other research analysts have also recently commented on PBH. Desjardins reduced their target price on Premium Brands from C$110.00 to C$105.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Stifel Nicolaus dropped their price objective on Premium Brands from C$108.00 to C$104.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Royal Bank of Canada dropped their price objective on Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating for the company in a research note on Monday, March 18th. CIBC dropped their price objective on Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Finally, TD Securities dropped their price objective on Premium Brands from C$130.00 to C$120.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Premium Brands currently has an average rating of “Moderate Buy” and an average target price of C$111.60.

Premium Brands Stock Up 0.3 %

Shares of PBH stock opened at C$85.57 on Wednesday. The stock has a market cap of C$3.80 billion, a P/E ratio of 40.55, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Premium Brands has a one year low of C$84.66 and a one year high of C$113.60. The stock has a fifty day moving average price of C$89.24 and a 200 day moving average price of C$91.48. The company has a debt-to-equity ratio of 149.12, a current ratio of 2.08 and a quick ratio of 1.16.

Premium Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Premium Brands’s previous quarterly dividend of $0.77. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.97%. Premium Brands’s dividend payout ratio (DPR) is 161.14%.

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.