FY2024 EPS Forecast for Premium Brands Increased by Analyst

Premium Brands Holdings Co. (TSE:PBH) – Research analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for shares of Premium Brands in a research note issued to investors on Wednesday, February 26th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $3.98 for the year, up from their prior forecast of $3.95. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share. National Bank Financial also issued estimates for Premium Brands’ Q4 2024 earnings at $1.06 EPS, Q4 2025 earnings at $1.40 EPS and FY2026 earnings at $6.18 EPS.

Several other equities research analysts have also recently commented on PBH. Stifel Nicolaus lowered their target price on Premium Brands from C$106.00 to C$101.00 in a research note on Thursday, November 7th. CIBC lowered their target price on Premium Brands from C$103.00 to C$90.00 in a research note on Thursday, November 7th. Raymond James set a C$100.00 target price on Premium Brands and gave the company an “outperform” rating in a research note on Thursday, December 19th. National Bankshares lowered their target price on Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Finally, Royal Bank of Canada lowered their target price on Premium Brands from C$100.00 to C$96.00 in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Premium Brands has an average rating of “Moderate Buy” and an average target price of C$101.67.

Premium Brands Stock Down 0.5 %

TSE PBH opened at C$76.19 on Monday. The stock has a fifty day moving average of C$78.28 and a 200-day moving average of C$83.84. The stock has a market capitalization of C$3.40 billion, a P/E ratio of 33.92, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Premium Brands has a 52 week low of C$74.00 and a 52 week high of C$97.10. The company has a debt-to-equity ratio of 163.00, a quick ratio of 1.16 and a current ratio of 1.51.

About Premium Brands

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.