Premium Brands Holdings Corp (TSE:PBH) – Equities research analysts at National Bank Financial reduced their Q4 2018 earnings estimates for Premium Brands in a research note issued to investors on Tuesday, November 13th, according to Zacks Investment Research. National Bank Financial analyst L. Aghazarian now expects that the company will post earnings of $0.87 per share for the quarter, down from their prior forecast of $1.23. National Bank Financial currently has a “Outperform” rating and a $95.00 target price on the stock. National Bank Financial also issued estimates for Premium Brands’ FY2019 earnings at $4.79 EPS.

Premium Brands (TSE:PBH) last issued its quarterly earnings results on Tuesday, November 13th. The company reported C$0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.14 by C($0.20). The firm had revenue of C$835.50 million during the quarter, compared to analyst estimates of C$835.17 million.

A number of other brokerages also recently issued reports on PBH. Royal Bank of Canada reduced their price target on Premium Brands from C$142.00 to C$133.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 14th. Canaccord Genuity cut their target price on Premium Brands from C$110.00 to C$100.00 in a research report on Wednesday, November 14th. CIBC downgraded Premium Brands from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$126.00 to C$82.00 in a research report on Monday, November 19th. TD Securities downgraded Premium Brands from an “action list buy” rating to a “buy” rating and cut their target price for the company from C$145.00 to C$95.00 in a research report on Wednesday, November 14th. Finally, BMO Capital Markets cut their target price on Premium Brands from C$137.00 to C$92.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$101.29.

Shares of PBH stock traded down C$0.07 during trading hours on Friday, reaching C$78.29. 117,700 shares of the company’s stock were exchanged, compared to its average volume of 112,211. The company has a quick ratio of 0.95, a current ratio of 1.92 and a debt-to-equity ratio of 136.58. Premium Brands has a fifty-two week low of C$66.99 and a fifty-two week high of C$122.77.

In related news, insider Douglas Owen Goss purchased 1,000 shares of the business’s stock in a transaction on Friday, November 16th. The shares were bought at an average cost of C$69.23 per share, with a total value of C$69,230.00. Also, Director Kenneth Propp sold 2,200 shares of the stock in a transaction dated 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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