Equities Analysts Offer Predictions for Premium Brands Holdings Co.’s FY2024 Earnings (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBH) – Stock analysts at National Bank Financial boosted their FY2024 EPS estimates for shares of Premium Brands in a research note issued on Monday, April 29th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $5.11 for the year, up from their prior estimate of $5.09. The consensus estimate for Premium Brands’ current full-year earnings is $4.84 per share.

Premium Brands (TSE:PBH) last announced its earnings results on Friday, March 15th. The company reported C$0.85 EPS for the quarter, missing analysts’ consensus estimates of C$1.13 by C($0.28). The firm had revenue of C$1.55 billion for the quarter, compared to analyst estimates of C$1.61 billion. Premium Brands had a net margin of 1.50% and a return on equity of 5.26%.

Several other brokerages have also recently weighed in on PBH. Stifel Nicolaus lowered their target price on Premium Brands from C$108.00 to C$104.00 and set a “buy” rating on the stock in a report on Monday, March 18th. TD Securities reduced 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 note on Monday, March 18th. Desjardins lowered their price objective on Premium Brands from C$110.00 to C$105.00 and set a “buy” rating for the company in a research report on Monday, March 18th. CIBC reduced their target price on 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. Finally, National Bankshares increased their price target on Premium Brands from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$111.70.

Premium Brands Trading Down 1.4 %

Shares of PBH opened at C$88.90 on Thursday. The stock has a market cap of C$3.95 billion, a PE ratio of 42.13, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Premium Brands has a 52-week low of C$84.66 and a 52-week high of C$113.60. The firm’s fifty day moving average is C$88.69 and its two-hundred day moving average is C$91.11. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Premium Brands’s previous quarterly dividend of $0.77. Premium Brands’s dividend payout ratio (DPR) is presently 161.14%.

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 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.