National Bank Financial Analysts Raise Earnings Estimates for Premium Brands Holdings Co. (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBHFree Report) – National Bank Financial boosted their Q2 2024 earnings per share (EPS) estimates for Premium Brands in a report released on Sunday, March 17th. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $1.52 per share for the quarter, up from their previous forecast of $1.50. The consensus estimate for Premium Brands’ current full-year earnings is $5.52 per share. National Bank Financial also issued estimates for Premium Brands’ Q3 2024 earnings at $1.77 EPS, Q4 2024 earnings at $1.29 EPS and FY2025 earnings at $5.74 EPS.

PBH has been the subject of a number of other research reports. BMO Capital Markets lowered their target price on Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating for the company in a research note on Monday. Desjardins lowered their price target on Premium Brands from C$110.00 to C$105.00 and set a “buy” rating on the stock in a research report on Monday. Pi Financial reiterated a “buy” rating and set a C$111.00 price target on shares of Premium Brands in a report on Thursday, December 7th. Royal Bank of Canada reduced their price target on Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating for the company in a research report on Monday. Finally, CIBC lowered their price target on Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating on the stock in a research note on Monday. Three investment 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, the company presently has an average rating of “Moderate Buy” and an average price target of C$111.50.

Check Out Our Latest Report on Premium Brands

Premium Brands Stock Performance

TSE PBH opened at C$88.75 on Tuesday. The business’s 50-day moving average price is C$91.73 and its 200 day moving average price is C$93.37. Premium Brands has a twelve month low of C$84.66 and a twelve month high of C$113.60. The company has a market capitalization of C$3.96 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 1.10 and a beta of 1.03. The company has a current ratio of 2.15, a quick ratio of 1.16 and a debt-to-equity ratio of 148.60.

Premium Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Premium Brands’s previous quarterly dividend of $0.77. This represents a $3.40 annualized dividend and a dividend yield of 3.83%. Premium Brands’s dividend payout ratio is presently 125.20%.

Premium Brands Company Profile

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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 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, and baking and sushi products.

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

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