Premier Foods (LON:PFD) Releases Quarterly Earnings Results

Premier Foods (LON:PFD) issued its quarterly earnings results on Thursday. The company reported GBX 5.40 EPS for the quarter, Digital Look Earnings reports. Premier Foods had a net margin of 9.89% and a return on equity of 8.49%.

Premier Foods Price Performance

Shares of PFD stock opened at GBX 170.40 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.14 and a debt-to-equity ratio of 25.47. Premier Foods has a 12-month low of GBX 168 and a 12-month high of GBX 216.50. The firm has a fifty day moving average of GBX 184.38 and a 200-day moving average of GBX 192.89. The firm has a market capitalization of £1.47 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PFD. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Premier Foods from GBX 230 to GBX 240 and gave the company a “buy” rating in a research note on Thursday, August 21st. Berenberg Bank restated a “buy” rating and issued a GBX 270 price target on shares of Premier Foods in a research report on Thursday, August 21st. Peel Hunt reaffirmed a “buy” rating and set a GBX 230 price objective on shares of Premier Foods in a research note on Thursday. Finally, Shore Capital reissued a “house stock” rating on shares of Premier Foods in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 246.67.

Insider Buying and Selling

In other Premier Foods news, insider Tim Elliott bought 1,000 shares of Premier Foods stock in a transaction on Thursday, September 18th. The shares were purchased at an average cost of GBX 187 per share, for a total transaction of £1,870. Insiders own 1.62% of the company’s stock.

About Premier Foods

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.