Cormark Analysts Reduce Earnings Estimates for Premium Brands Holdings Corp (TSE:PBH)

Premium Brands Holdings Corp (TSE:PBH) – Research analysts at Cormark reduced their FY2020 earnings per share estimates for Premium Brands in a report issued on Tuesday, November 12th. Cormark analyst K. Mcphee now expects that the company will earn $4.04 per share for the year, down from their prior forecast of $4.40.

Premium Brands (TSE:PBH) last issued its earnings results on Tuesday, August 13th. The company reported C$1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.72 by C$0.38. The firm had revenue of C$945.40 million during the quarter, compared to the consensus estimate of C$958.00 million.

Several other research analysts also recently issued reports on PBH. Royal Bank of Canada downgraded shares of Premium Brands from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$102.00 to C$88.00 in a research note on Tuesday. TD Securities dropped their target price on shares of Premium Brands from C$110.00 to C$100.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, CIBC dropped their target price on shares of Premium Brands from C$94.00 to C$81.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Premium Brands currently has a consensus rating of “Buy” and a consensus price target of C$95.56.

Shares of TSE PBH opened at C$82.19 on Wednesday. The firm’s 50 day moving average price is C$90.33 and its 200-day moving average price is C$90.19. The company has a market cap of $3.01 billion and a PE ratio of 29.25. Premium Brands has a 52-week low of C$66.99 and a 52-week high of C$98.87. The company has a debt-to-equity ratio of 117.09, a quick ratio of 0.93 and a current ratio of 1.92.

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

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