Q3 2024 Earnings Forecast for Premium Brands Holdings Co. Issued By National Bank Financial (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBH - Free Report) - Investment analysts at National Bank Financial boosted their Q3 2024 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 earn $1.78 per share for the quarter, up from their prior forecast of $1.77. The consensus estimate for Premium Brands' current full-year earnings is $4.84 per share. National Bank Financial also issued estimates for Premium Brands' Q1 2025 earnings at $0.74 EPS, Q4 2025 earnings at $1.38 EPS and FY2025 earnings at $5.77 EPS.

Premium Brands (TSE:PBH - Get Free Report) last released its quarterly earnings data 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 business had revenue of C$1.55 billion for the quarter, compared to the consensus estimate of C$1.61 billion. Premium Brands had a return on equity of 5.26% and a net margin of 1.50%.

PBH has been the subject of a number of other research reports. TD Securities dropped their target price on shares of Premium Brands from C$130.00 to C$120.00 and set a "buy" rating for the company in a research report on Monday, March 18th. Royal Bank of Canada lowered their price objective on shares of 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, March 18th. Desjardins lowered 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. National Bankshares raised their price objective on shares of Premium Brands from C$109.00 to C$110.00 and gave the company a "sector perform" rating in a research report on Tuesday. Finally, CIBC lowered 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Premium Brands has an average rating of "Moderate Buy" and an average target price of C$111.70.

Premium Brands Price Performance

Shares of TSE:PBH traded down C$1.30 during midday trading on Wednesday, reaching C$88.90. 49,917 shares of the company's stock were exchanged, compared to its average volume of 48,840. The company's 50 day simple moving average is C$88.69 and its two-hundred day simple moving average is C$91.11. The firm has a market capitalization 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 12 month low of C$84.66 and a 12 month high of C$113.60. The company has a debt-to-equity ratio of 149.12, a quick ratio of 1.16 and a current ratio of 2.08.

Premium Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.82%. This is an increase from Premium Brands's previous quarterly dividend of $0.77. The ex-dividend date was Wednesday, March 27th. Premium Brands's payout ratio 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.