Premium Brands Holdings Co. (TSE:PBH) Forecasted to Earn Q1 2024 Earnings of $0.68 Per Share

Premium Brands Holdings Co. (TSE:PBH) – Equities researchers at Pi Financial issued their Q1 2024 EPS estimates for Premium Brands in a research note issued to investors on Tuesday, April 16th. Pi Financial analyst D. Schilling expects that the company will earn $0.68 per share for the quarter. Pi Financial has a “Buy” rating and a $112.00 price objective on the stock. The consensus estimate for Premium Brands’ current full-year earnings is $4.84 per share. Pi Financial also issued estimates for Premium Brands’ FY2024 earnings at $5.24 EPS and FY2025 earnings at $6.21 EPS.

Other equities research analysts have also issued reports about the stock. Desjardins lowered their target price on shares of Premium Brands from C$110.00 to C$105.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Royal Bank of Canada lowered their target price on shares of Premium Brands from C$103.00 to C$99.00 and set a “sector perform” rating on the stock in a research note on Monday, March 18th. BMO Capital Markets lowered their target price on shares of Premium Brands from C$117.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. CIBC reduced their price target on shares of Premium Brands from C$102.00 to C$97.00 and set a “neutral” rating for the company in a research report on Monday, March 18th. Finally, Stifel Nicolaus reduced their price target on shares of Premium Brands from C$108.00 to C$104.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Premium Brands presently has a consensus rating of “Moderate Buy” and an average target price of C$111.60.

Premium Brands Trading Up 1.4 %

PBH stock opened at C$87.78 on Thursday. The company’s 50-day simple moving average is C$89.05 and its 200-day simple moving average is C$91.41. 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 has a 52-week low of C$84.66 and a 52-week high of C$113.60. The firm has a market cap of C$3.90 billion, a P/E ratio of 41.60, a PEG ratio of 1.10 and a beta of 1.01.

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

Premium Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.87%. 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%.

Premium Brands Company Profile

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.