Raymond James Estimates Premium Brands FY2024 Earnings

Premium Brands Holdings Co. (TSE:PBH) – Equities researchers at Raymond James issued their FY2024 earnings estimates for shares of Premium Brands in a report issued on Wednesday, December 18th. Raymond James analyst M. Glen forecasts that the company will post earnings per share of $3.77 for the year. Raymond James has a “Moderate Buy” rating on the stock. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share. Raymond James also issued estimates for Premium Brands’ FY2025 earnings at $4.89 EPS and FY2026 earnings at $6.13 EPS.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same quarter last year, the business earned $1.27 earnings per share.

A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets cut their price target on shares of Premium Brands from C$111.00 to C$94.00 in a report on Thursday, November 7th. National Bankshares lifted their price target on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. TD Securities cut their price objective on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Royal Bank of Canada decreased their target price on Premium Brands from C$100.00 to C$96.00 in a report on Thursday, November 7th. Finally, CIBC reduced their target price on Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$103.11.

Premium Brands Stock Down 0.6 %

PBH opened at C$79.59 on Monday. The stock’s fifty day moving average is C$83.74 and its 200-day moving average is C$88.47. Premium Brands has a one year low of C$75.67 and a one year high of C$97.10. The company has a market capitalization of C$3.53 billion, a PE ratio of 31.33, a P/E/G ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56.

Premium Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s dividend payout ratio is currently 133.86%.

Insider Activity

In other Premium Brands news, Director Johnny Ciampi bought 2,000 shares of Premium Brands stock in a transaction dated Friday, November 29th. The stock was bought at an average price of C$78.78 per share, with a total value of C$157,560.00. Insiders own 2.01% of the company’s stock.

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.