Premium Brands Holdings Corp (TSE:PBH) – Research analysts at Desjardins lifted their Q3 2019 EPS estimates for shares of Premium Brands in a note issued to investors on Monday, May 13th. Desjardins analyst D. Newman now anticipates that the company will earn $1.16 per share for the quarter, up from their previous forecast of $1.15. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Premium Brands’ Q4 2019 earnings at $1.05 EPS and FY2019 earnings at $3.70 EPS.
PBH has been the subject of a number of other research reports. BMO Capital Markets lowered their price objective on shares of Premium Brands from C$92.00 to C$86.00 in a research report on Friday, March 15th. TD Securities lowered their price objective on shares of Premium Brands from C$94.00 to C$93.00 and set a “buy” rating for the company in a research report on Tuesday. Industrial Alliance Securities restated a “buy” rating and issued a C$95.00 price objective on shares of Premium Brands in a research report on Monday, January 28th. Royal Bank of Canada lowered their price objective on shares of Premium Brands from C$97.00 to C$96.00 in a research report on Tuesday. Finally, National Bank Financial restated an “outperform” rating and issued a C$95.00 price objective on shares of Premium Brands in a research report on Friday, January 18th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$95.00.
PBH opened at C$77.48 on Thursday. The company has a debt-to-equity ratio of 137.55, a current ratio of 1.71 and a quick ratio of 0.84. Premium Brands has a 12 month low of C$66.99 and a 12 month high of C$121.69. The firm has a market capitalization of $2.65 billion and a P/E ratio of 25.66.
Premium Brands (TSE:PBH) last released its quarterly earnings data on Thursday, March 14th. The company reported C$0.82 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.78 by C$0.04. The firm had revenue of C$843.90 million during the quarter, compared to the consensus estimate of C$829.50 million.
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 meat products and snacks, deli products, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, and baking and sushi products.
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