Premium Brands Holdings Co. (TSE:PBH – Get 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:PBH – Get 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.
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
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.
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