Premium Brands Holdings Corp (PBH) to Post FY2017 Earnings of $3.24 Per Share, Cormark Forecasts

Premium Brands Holdings Corp (TSE:PBH) – Equities researchers at Cormark raised their FY2017 EPS estimates for shares of Premium Brands Holdings Corp in a research report issued to clients and investors on Monday, Zacks Investment Research reports. Cormark analyst K. Mcphee now anticipates that the company will post earnings of $3.24 per share for the year, up from their previous estimate of $3.19. Cormark currently has a “Market Perform” rating and a $80.00 target price on the stock. Cormark also issued estimates for Premium Brands Holdings Corp’s FY2018 earnings at $3.97 EPS.

A number of other equities research analysts also recently issued reports on the company. TD Securities increased their price target on Premium Brands Holdings Corp from C$83.00 to C$90.00 and gave the stock an “action list buy” rating in a research report on Monday, March 20th. Scotiabank increased their price target on Premium Brands Holdings Corp from C$67.00 to C$78.00 and gave the stock a “sector perform” rating in a research report on Friday, March 17th. Royal Bank of Canada reissued an “outperform” rating and set a C$78.00 price target on shares of Premium Brands Holdings Corp in a research report on Monday, January 16th. Finally, BMO Capital Markets increased their price target on Premium Brands Holdings Corp from C$70.00 to C$83.00 in a research report on Friday, March 17th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$78.71.

Earnings History and Estimates for Premium Brands Holdings Corp (TSE:PBH)

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Shares of Premium Brands Holdings Corp (TSE:PBH) traded up 0.20% on Thursday, hitting $86.66. The stock had a trading volume of 80,477 shares. The firm’s 50 day moving average is $79.79 and its 200-day moving average is $70.08. The stock has a market capitalization of $2.59 billion and a PE ratio of 36.41. Premium Brands Holdings Corp has a one year low of $51.00 and a one year high of $87.29.

Premium Brands Holdings Corp Company Profile

Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.

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