National Bank Financial Analysts Raise Earnings Estimates for Premium Brands Holdings Co. (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBH) – National Bank Financial upped their Q3 2024 earnings estimates for Premium Brands in a research report issued to clients and investors on Monday, April 29th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $1.78 per share for the quarter, up from their prior estimate of $1.77. The consensus estimate for Premium Brands’ current full-year earnings is $4.84 per share. National Bank Financial also issued estimates for Premium Brands’ Q1 2025 earnings at $0.74 EPS, Q4 2025 earnings at $1.38 EPS and FY2025 earnings at $5.77 EPS.

Other analysts have also recently issued research reports about the stock. CIBC decreased their target price on shares of Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. National Bankshares boosted their target price on shares of Premium Brands from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Royal Bank of Canada decreased their target price on shares of Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating on the stock in a research note on Monday, March 18th. Pi Financial reaffirmed a “buy” rating and set a C$112.00 target price on shares of Premium Brands in a research note on Tuesday, April 16th. Finally, BMO Capital Markets decreased their target price on shares of Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$111.70.

Premium Brands Stock Down 0.9 %

Shares of PBH opened at C$88.11 on Wednesday. Premium Brands has a one year low of C$84.66 and a one year high of C$113.60. The company has a market cap of C$3.91 billion, a P/E ratio of 41.76, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 149.12, a current ratio of 2.08 and a quick ratio of 1.16. The firm has a 50 day simple moving average of C$88.58 and a two-hundred day simple moving average of C$91.09.

Premium Brands (TSE:PBH) last announced its quarterly earnings data 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). Premium Brands had a net margin of 1.50% and a return on equity of 5.26%. The firm had revenue of C$1.55 billion for the quarter, compared to analyst estimates of C$1.61 billion.

Premium Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.85 per share. The ex-dividend date was Wednesday, March 27th. This represents a $3.40 annualized dividend and a dividend yield of 3.86%. This is a positive change from Premium Brands’s previous quarterly dividend of $0.77. Premium Brands’s dividend payout ratio is currently 161.14%.

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.