Ventum Cap Mkts Predicts Lower Earnings for Premium Brands

Premium Brands Holdings Co. (TSE:PBH) – Stock analysts at Ventum Cap Mkts lowered their FY2025 earnings per share (EPS) estimates for shares of Premium Brands in a research note issued to investors on Thursday, November 7th. Ventum Cap Mkts analyst D. Schilling now anticipates that the company will earn $5.98 per share for the year, down from their prior estimate of $6.12. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share.

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

Several other brokerages have also issued reports on PBH. BMO Capital Markets dropped their price objective on Premium Brands from C$111.00 to C$94.00 in a report on Thursday. Royal Bank of Canada dropped their price target on Premium Brands from C$100.00 to C$96.00 in a research note on Thursday. CIBC reduced their price objective on Premium Brands from C$103.00 to C$90.00 in a research note on Thursday. Stifel Nicolaus lowered their target price on shares of Premium Brands from C$106.00 to C$101.00 in a research report on Thursday. Finally, National Bankshares upped their price target on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Premium Brands has an average rating of “Moderate Buy” and an average price target of C$108.30.

Premium Brands Trading Up 0.6 %

TSE PBH opened at C$76.55 on Friday. The firm’s fifty day moving average price is C$90.94 and its 200 day moving average price is C$90.48. Premium Brands has a 12 month low of C$75.67 and a 12 month high of C$97.28. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. The company has a market capitalization of C$3.40 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

Insider Activity

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total value of C$604,100.00. In related news, Director Johnny Ciampi bought 3,500 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of C$77.02 per share, for a total transaction of C$269,570.00. Also, Senior Officer William Dion Kalutycz sold 7,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. Insiders own 2.01% of the company’s stock.

Premium Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s payout ratio is 133.86%.

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.