Premium Brands Holdings Co. Will Post Fiscal 2021 Earnings of $4.54 Per Share, According to National Bank Financial Forecast (TSE:PBH)


Premium Brands Holdings Co. (TSE:PBH) – Stock analysts at National Bank Financial cut their fiscal 2021 earnings estimates for Premium Brands in a research note released Wednesday, February 9. National Bank Financial analyst V. Shreedhar now expects the company to earn $4.54 per share for the year, down from his previous estimate of $4.56. National Bank Financial currently has an “outperform” rating and a price target of $155.00 for the stock. National Bank Financial also released earnings estimates for Premium Brands for the third quarter of 2022 at $1.66 EPS.

Other analysts have also recently published research reports on the company. BMO Capital Markets raised its price target on premium brands from C$149.00 to C$156.00 and gave the stock an “na” rating in a Friday, Nov. 5 research report. National Bankshares raised its price target on premium brands from C$148.00 to C$155.00 and gave the stock an “outperform” rating in a Friday, Nov. 5 research note. TD Securities raised its price target on premium brands from C$150.00 to C$160.00 and gave the company a “buy” rating in a report released on Friday, November 5. Cormark raised its price target on premium brands from C$155.00 to C$160.00 in a Tuesday, November 9 report. Finally, CIBC raised its target price on premium brands from CA$129.00 to CA$135.00 and gave the company a “neutral” rating in a report released on Monday, November 8. Two analysts gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat.com, the company has an average buy rating and consensus target price of CA$148.00.

Shares of PBH opened at C$121.21 on Friday. The company has a debt ratio of 109.58, a quick ratio of 0.92 and a current ratio of 1.90. The company has a market capitalization of C$5.43 billion and a P/E ratio of 44.19. Premium Brands has a fifty-two week minimum of C$100.81 and a fifty-two week maximum of C$137.75. The company has a 50-day moving average of C$123.90 and a 200-day moving average of C$129.04.

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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 meats, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle products, entrees, paninis, wraps, subs, hamburgers, burgers, muffins, breads, pastas and pastries. and sushi products, as well as processed meat products.

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