Q2 2024 Earnings Estimate for Premium Brands Holdings Co. Issued By Pi Financial (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBH) – Research analysts at Pi Financial issued their Q2 2024 EPS estimates for shares of Premium Brands in a report released on Tuesday, April 16th. Pi Financial analyst D. Schilling anticipates that the company will post earnings of $1.58 per share for the quarter. Pi Financial currently has a “Buy” rating and a $112.00 target price 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.

Other research analysts also recently issued reports about the stock. BMO Capital Markets lowered their price objective on shares of Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating on the stock in a research report on Monday, March 18th. Desjardins reduced their price objective on shares of Premium Brands from C$110.00 to C$105.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Stifel Nicolaus reduced their price objective on shares of 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. TD Securities dropped their target price on shares of Premium Brands from C$130.00 to C$120.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Finally, CIBC dropped 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 report on Monday, March 18th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$111.60.

Premium Brands Trading Up 0.3 %

Shares of Premium Brands stock traded up C$0.22 during trading on Wednesday, hitting C$85.57. The stock had a trading volume of 62,401 shares, compared to its average volume of 50,049. The stock has a 50 day simple moving average of C$89.41 and a 200 day simple moving average of C$91.53. Premium Brands has a 1 year low of C$84.66 and a 1 year high of C$113.60. The company has a market capitalization of C$3.80 billion, a PE ratio of 40.45, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 1.16, a current ratio of 2.08 and a debt-to-equity ratio of 149.12.

Premium Brands (TSE:PBH) last released its earnings results on Friday, March 15th. The company reported C$0.85 earnings per share 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 analysts’ expectations of C$1.61 billion. Premium Brands had a return on equity of 5.26% and a net margin of 1.50%.

Premium Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.85 per share. This is an increase from Premium Brands’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.40 annualized dividend and a yield of 3.97%. Premium Brands’s dividend payout ratio 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.