Premium Brands (TSE:PBH) Posts Quarterly Earnings Results

Premium Brands (TSE:PBH) issued its earnings results on Monday. The company reported C($0.04) EPS for the quarter, FiscalAI reports. Premium Brands had a net margin of 1.55% and a return on equity of 5.66%. The firm had revenue of C$1.99 billion during the quarter.

Premium Brands Stock Performance

Shares of PBH traded up C$0.19 on Wednesday, reaching C$88.83. 11,046 shares of the company’s stock traded hands, compared to its average volume of 102,934. The stock’s 50 day simple moving average is C$94.42 and its two-hundred day simple moving average is C$88.32. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00. Premium Brands has a 52-week low of C$72.57 and a 52-week high of C$99.90. The stock has a market cap of C$3.97 billion, a PE ratio of 42.71, a PEG ratio of 1.10 and a beta of 0.40.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PBH. Royal Bank Of Canada raised their price objective on Premium Brands from C$108.00 to C$118.00 in a research note on Tuesday, November 4th. Canaccord Genuity Group upped their price objective on shares of Premium Brands from C$100.00 to C$118.00 in a report on Thursday, August 7th. CIBC raised their price objective on shares of Premium Brands from C$108.00 to C$115.00 in a research note on Tuesday. BMO Capital Markets boosted their target price on shares of Premium Brands from C$109.00 to C$111.00 in a research report on Tuesday. Finally, Desjardins upped their target price on shares of Premium Brands from C$98.00 to C$103.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$113.73.

Premium Brands Company Profile

Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate.