Premium Brands FY2025 EPS Forecast Reduced by Raymond James

Premium Brands Holdings Co. (TSE:PBH) – Raymond James reduced their FY2025 earnings per share (EPS) estimates for shares of Premium Brands in a research note issued on Wednesday, June 4th. Raymond James analyst M. Glen now anticipates that the company will post earnings of $5.03 per share for the year, down from their previous estimate of $5.09. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share.

A number of other analysts have also recently commented on PBH. Canaccord Genuity Group raised Premium Brands to a “strong-buy” rating in a research note on Tuesday, May 27th. BMO Capital Markets upped their price target on Premium Brands from C$94.00 to C$100.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Scotiabank upped their price target on Premium Brands from C$88.00 to C$91.00 and gave the company a “sector perform” rating in a research note on Thursday, May 8th. Cibc World Mkts raised Premium Brands from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Finally, Royal Bank of Canada lowered their target price on Premium Brands from C$98.00 to C$97.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$101.90.

Premium Brands Stock Performance

Shares of PBH stock opened at C$80.99 on Monday. The company has a debt-to-equity ratio of 163.00, a current ratio of 1.51 and a quick ratio of 1.16. The stock has a market cap of C$3.61 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The stock has a 50-day moving average of C$79.04 and a 200-day moving average of C$78.76. Premium Brands has a one year low of C$72.57 and a one year high of C$97.10.

Insider Buying and Selling

In other news, Senior Officer William Dion Kalutycz sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of C$81.57, for a total transaction of C$652,575.20. 2.01% of the stock is owned by company insiders.

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.