Q1 2024 Earnings Forecast for Premium Brands Holdings Co. Issued By Pi Financial (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBH - Free Report) - Equities research analysts at Pi Financial issued their Q1 2024 earnings estimates for Premium Brands in a research note issued on Tuesday, April 16th. Pi Financial analyst D. Schilling expects that the company will earn $0.68 per share for the quarter. Pi Financial currently has a "Buy" rating and a $112.00 price target 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.

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

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus dropped their price objective 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. CIBC dropped their price objective 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. Desjardins dropped their price objective on shares of 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. BMO Capital Markets dropped their price objective on shares of Premium Brands from C$117.00 to C$115.00 and set an "outperform" rating for the company in a research report on Monday, March 18th. Finally, TD Securities lowered their price target on shares of Premium Brands from C$130.00 to C$120.00 and set a "buy" rating for the company in a report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$111.60.

Premium Brands Trading Up 1.1 %

TSE:PBH traded up C$0.97 during trading hours on Thursday, reaching C$86.54. 26,257 shares of the company were exchanged, compared to its average volume of 49,736. The company has a debt-to-equity ratio of 149.12, a current ratio of 2.08 and a quick ratio of 1.16. The firm has a market cap of C$3.84 billion, a price-to-earnings ratio of 41.01, a PEG 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 stock has a 50 day simple moving average of C$89.13 and a 200 day simple moving average of C$91.45.

Premium Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.85 per share. This is a positive change from Premium Brands's previous quarterly dividend of $0.77. This represents a $3.40 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Wednesday, March 27th. Premium Brands's dividend payout ratio (DPR) is currently 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.