Premium Brands (TSE:PBH) Posts Earnings Results, Misses Expectations By $0.25 EPS

Premium Brands (TSE:PBH) posted its earnings results on Wednesday. The company reported C$1.11 EPS for the quarter, missing the consensus estimate of C$1.36 by C($0.25), RTT News reports. Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same period last year, the company posted $1.27 earnings per share.

Premium Brands Price Performance

TSE:PBH traded down C$0.85 during mid-day trading on Thursday, reaching C$77.36. The stock had a trading volume of 139,962 shares, compared to its average volume of 51,206. The stock has a 50-day simple moving average of C$91.17 and a two-hundred day simple moving average of C$90.54. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. Premium Brands has a 12 month low of C$75.67 and a 12 month high of C$97.28. The stock has a market capitalization of C$3.44 billion, a PE ratio of 30.43, a P/E/G ratio of 1.10 and a beta of 0.98.

Premium Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.40 annualized dividend and a dividend yield of 4.40%. Premium Brands’s dividend payout ratio is 133.86%.

Insider Buying and Selling at Premium Brands

In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. Company insiders own 2.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on PBH shares. CIBC decreased their price objective on Premium Brands from C$103.00 to C$90.00 in a report on Thursday. BMO Capital Markets lowered their price target on shares of Premium Brands from C$111.00 to C$94.00 in a research report on Thursday. Stifel Nicolaus dropped their price objective on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday. National Bankshares increased their target price 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. Finally, Royal Bank of Canada dropped their price target on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday. 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, the stock has an average rating of “Moderate Buy” and an average price target of C$108.30.

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.