Desjardins Comments on Premium Brands Holdings Corp’s Q1 2019 Earnings (TSE:PBH)

Premium Brands Holdings Corp (TSE:PBH) – Stock analysts at Desjardins dropped their Q1 2019 earnings per share estimates for shares of Premium Brands in a research note issued on Tuesday, April 30th, according to Zacks Investment Research. Desjardins analyst D. Newman now forecasts that the company will post earnings of $0.47 per share for the quarter, down from their previous estimate of $0.59. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Premium Brands’ Q2 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.03 EPS, FY2019 earnings at $3.92 EPS and FY2020 earnings at $4.50 EPS.

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

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

TSE PBH traded up C$0.32 during trading on Wednesday, reaching C$78.08. 56,269 shares of the company’s stock were exchanged, compared to its average volume of 122,090. Premium Brands has a 1 year low of C$66.99 and a 1 year high of C$118.52. The company has a debt-to-equity ratio of 137.55, a current ratio of 1.71 and a quick ratio of 0.84. The company has a market capitalization of $2.65 billion and a price-to-earnings 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.

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

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