Brokers Issue Forecasts for Premium Brands Holdings Co.’s Q4 2022 Earnings (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBHGet Rating) – Desjardins lifted their Q4 2022 earnings per share (EPS) estimates for shares of Premium Brands in a note issued to investors on Monday, August 1st. Desjardins analyst C. Li now anticipates that the company will post earnings of $1.65 per share for the quarter, up from their previous forecast of $1.61. The consensus estimate for Premium Brands’ current full-year earnings is $6.37 per share. Desjardins also issued estimates for Premium Brands’ FY2023 earnings at $6.58 EPS.

Premium Brands (TSE:PBHGet Rating) last posted its quarterly earnings data on Friday, May 6th. The company reported C$0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.83 by C$0.05. The firm had revenue of C$1.25 billion for the quarter, compared to analyst estimates of C$1.27 billion.

Several other analysts have also recently commented on the stock. Scotiabank dropped their target price on shares of Premium Brands from C$145.00 to C$137.00 in a research report on Tuesday, June 28th. Royal Bank of Canada lowered their price objective on shares of Premium Brands from C$126.00 to C$125.00 and set a “sector perform” rating for the company in a research report on Monday, May 9th. CIBC lowered their price objective on shares of Premium Brands from C$120.00 to C$113.00 and set a “neutral” rating for the company in a research report on Monday, May 9th. BMO Capital Markets lowered their price objective on shares of Premium Brands from C$142.00 to C$139.00 in a research report on Monday, May 9th. Finally, National Bankshares lowered their price objective on shares of Premium Brands from C$137.00 to C$136.00 and set an “outperform” rating for the company in a research report on Friday, July 22nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$138.10.

Premium Brands Stock Performance

Shares of Premium Brands stock opened at C$101.74 on Wednesday. The firm has a fifty day moving average of C$97.02 and a two-hundred day moving average of C$105.68. The stock has a market capitalization of C$4.56 billion and a price-to-earnings ratio of 32.93. Premium Brands has a 52 week low of C$87.06 and a 52 week high of C$137.75. The company has a debt-to-equity ratio of 119.93, a quick ratio of 0.95 and a current ratio of 2.30.

Premium Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a $0.70 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $2.80 annualized dividend and a yield of 2.75%. Premium Brands’s dividend payout ratio (DPR) is currently 84.30%.

About Premium Brands

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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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entrees, panini, wraps, subs, hamburgers, burgers, muffins, breads, pastas, and baking and sushi products, as well as processed meat products and ready-to-eat meals.

Further Reading

Earnings History and Estimates for Premium Brands (TSE:PBH)

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