Premium Brands Holdings Corp (TSE:PBH) – Stock analysts at Cormark reduced their FY2018 earnings per share (EPS) estimates for shares of Premium Brands in a research report issued on Wednesday, November 14th. Cormark analyst K. Mcphee now expects that the company will earn $3.38 per share for the year, down from their prior forecast of $4.16. Cormark also issued estimates for Premium Brands’ FY2019 earnings at $4.54 EPS.

A number of other research analysts have also recently commented on the stock. BMO Capital Markets reduced their price target on shares of Premium Brands from C$137.00 to C$92.00 and set an “outperform” rating on the stock in a research report on Wednesday. TD Securities lowered Premium Brands from an “action list buy” rating to a “buy” rating and dropped their price objective for the company from C$145.00 to C$95.00 in a research note on Wednesday. Canaccord Genuity dropped their price objective on Premium Brands from C$110.00 to C$100.00 in a research note on Wednesday. National Bank Financial dropped their price objective on Premium Brands from C$130.00 to C$95.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada dropped their price objective on Premium Brands from C$133.00 to C$126.00 and set an “outperform” rating for the company in a research note on Monday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$110.38.

Shares of TSE PBH opened at C$68.43 on Friday. Premium Brands has a one year low of C$67.97 and a one year high of C$122.77. The company has a debt-to-equity ratio of 126.20, a current ratio of 1.92 and a quick ratio of 0.95.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Monday, August 13th. The company reported C$1.10 EPS for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.04). The business had revenue of C$761.50 million for the quarter, compared to analyst estimates of C$754.97 million.

In other news, Director John Zaplatynsky sold 458 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of C$97.98, for a total transaction of C$44,874.84. Also, Director Kenneth Propp sold 2,200 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of C$98.19, for a total value of C$216,018.00.

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 through two segments, Specialty Foods and Premium Food Distribution. The company provides premium and natural processed meat products, specialty deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, salads and kettle, entres, panini, wraps, subs, hamburgers, burgers, muffins, breads, specialty pastas, and sushi products.

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

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