Q3 2019 EPS Estimates for Premium Brands Holdings Corp Raised by Desjardins (PBH)

Premium Brands Holdings Corp (TSE:PBH) – Research analysts at Desjardins upped their Q3 2019 earnings per share (EPS) estimates for shares of Premium Brands in a research note issued on Monday, May 13th. Desjardins analyst D. Newman now forecasts that the company will earn $1.16 per share for the quarter, up from their prior forecast of $1.15. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Premium Brands’ Q4 2019 earnings at $1.05 EPS and FY2019 earnings at $3.70 EPS.

Premium Brands (TSE:PBH) last released its quarterly earnings results on Thursday, March 14th. The company reported C$0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.78 by C$0.04. The company had revenue of C$843.90 million during the quarter, compared to analysts’ expectations of C$829.50 million.

A number of other equities analysts also recently commented on PBH. National Bank Financial reissued an “outperform” rating and issued a C$95.00 price objective on shares of Premium Brands in a research note on Friday, January 18th. Industrial Alliance Securities reaffirmed a “buy” rating and set a C$95.00 price target on shares of Premium Brands in a research report on Monday, January 28th. TD Securities reduced their price target on Premium Brands from C$95.00 to C$94.00 and set a “buy” rating on the stock in a research report on Friday, March 15th. BMO Capital Markets reduced their price target on Premium Brands from C$92.00 to C$86.00 in a research report on Friday, March 15th. Finally, CIBC reduced their price target on Premium Brands from C$82.00 to C$72.00 in a research report on Friday, March 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$91.57.

Premium Brands stock opened at C$78.08 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.71 and a debt-to-equity ratio of 137.55. Premium Brands has a fifty-two week low of C$66.99 and a fifty-two week high of C$118.52. The company has a market cap of $2.65 billion and a PE ratio of 25.85.

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 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.

See Also: What are economic reports?

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

Receive News & Ratings for Premium Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premium Brands and related companies with MarketBeat.com's FREE daily email newsletter.