Premium Brands Holdings Co. (TSE:PBH) Forecasted to Post Q2 2024 Earnings of $1.23 Per Share

Premium Brands Holdings Co. (TSE:PBH) – Equities researchers at Desjardins issued their Q2 2024 earnings per share (EPS) estimates for Premium Brands in a note issued to investors on Tuesday, August 6th. Desjardins analyst C. Li forecasts that the company will earn $1.23 per share for the quarter. Desjardins has a “Buy” rating and a $106.00 price target on the stock. The consensus estimate for Premium Brands’ current full-year earnings is $4.91 per share.

PBH has been the subject of several other reports. National Bankshares decreased their price target on shares of Premium Brands from C$111.00 to C$101.00 in a report on Friday. Stifel Nicolaus lifted their price target on shares of Premium Brands from C$104.00 to C$106.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. BMO Capital Markets lowered their price target on shares of Premium Brands from C$115.00 to C$111.00 in a research report on Friday. Pi Financial reaffirmed a “buy” rating and issued a C$112.00 price target on shares of Premium Brands in a research note on Tuesday, April 16th. Finally, TD Securities boosted their target price on shares of Premium Brands from C$120.00 to C$125.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Premium Brands has an average rating of “Moderate Buy” and an average price target of C$112.00.

Premium Brands Stock Performance

Shares of PBH stock opened at C$86.05 on Thursday. Premium Brands has a 52 week low of C$84.66 and a 52 week high of C$113.60. The company has a market cap of C$3.82 billion, a PE ratio of 40.40, a P/E/G ratio of 1.10 and a beta of 1.00. The company has a current ratio of 2.02, a quick ratio of 1.16 and a debt-to-equity ratio of 159.19. The company’s fifty day simple moving average is C$91.58 and its 200-day simple moving average is C$90.46.

Premium Brands (TSE:PBH) last posted its quarterly earnings results on Monday, May 13th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.02). Premium Brands had a return on equity of 5.37% and a net margin of 1.50%. The firm had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.45 billion.

Premium Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Monday, September 30th. Premium Brands’s dividend payout ratio (DPR) is currently 159.62%.

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.