Premium Brands (TSE:PBH) Posts Quarterly Earnings Results, Misses Expectations By $0.25 EPS

Premium Brands (TSE:PBH) released its quarterly earnings results on Wednesday. The company reported C$1.11 EPS for the quarter, missing analysts’ consensus estimates of C$1.36 by C($0.25), RTT News reports. Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. During the same quarter last year, the business earned $1.27 earnings per share.

Premium Brands Stock Down 1.1 %

Shares of TSE PBH traded down C$0.85 during midday trading on Thursday, reaching C$77.36. The company’s stock had a trading volume of 139,962 shares, compared to its average volume of 51,206. Premium Brands has a fifty-two week low of C$75.67 and a fifty-two week high of C$97.28. The stock has a 50 day simple moving average of C$91.17 and a 200-day simple moving average of C$90.54. The stock has a market capitalization of C$3.44 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.10 and a beta of 0.98. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28.

Premium Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s payout ratio is 133.86%.

Insider Activity at Premium Brands

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. 2.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PBH has been the topic of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a report on Thursday. Stifel Nicolaus decreased their price target on shares of Premium Brands from C$106.00 to C$101.00 in a research note on Thursday. National Bankshares boosted their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. BMO Capital Markets lowered their target price on Premium Brands from C$111.00 to C$94.00 in a research note on Thursday. Finally, TD Securities dropped their target price on Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Premium Brands has an average rating of “Moderate Buy” and a consensus target price of C$108.30.

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 processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.