Equities Analysts Issue Forecasts for Premium Brands Holdings Co.’s FY2023 Earnings (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBH) – Analysts at National Bank Financial dropped their FY2023 earnings per share estimates for shares of Premium Brands in a research note issued to investors on Wednesday, November 15th. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $4.45 per share for the year, down from their prior estimate of $4.73. National Bank Financial currently has a “Sector Perform Overweight” rating on the stock. The consensus estimate for Premium Brands’ current full-year earnings is $5.72 per share. National Bank Financial also issued estimates for Premium Brands’ Q4 2023 earnings at $1.28 EPS and Q1 2024 earnings at $0.57 EPS.

Several other research firms have also issued reports on PBH. CIBC reduced their price target on Premium Brands from C$114.00 to C$110.00 in a research report on Wednesday, August 16th. Desjardins decreased their target price on shares of Premium Brands from C$124.00 to C$110.00 and set a “buy” rating on the stock in a research note on Wednesday. National Bankshares dropped their price target on shares of Premium Brands from C$117.00 to C$109.00 in a research report on Wednesday. BMO Capital Markets decreased their price objective on shares of Premium Brands from C$124.00 to C$117.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, TD Securities increased their target price on shares of Premium Brands from C$125.00 to C$135.00 and gave the stock a “buy” rating in a report on Tuesday, August 15th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$116.33.

Premium Brands Price Performance

Shares of Premium Brands stock opened at C$92.34 on Friday. The stock has a market capitalization of C$4.12 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00. The company has a fifty day moving average of C$94.67 and a 200-day moving average of C$100.59. Premium Brands has a 52-week low of C$79.00 and a 52-week high of C$113.60. The company has a debt-to-equity ratio of 152.95, a quick ratio of 1.16 and a current ratio of 2.44.

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, and baking and sushi products.