Q4 2018 Earnings Forecast for Premium Brands Holdings Corp Issued By National Bank Financial (PBH)
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.
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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