FY2019 EPS Estimates for Premium Brands Holdings Corp Decreased by Analyst (PBH)

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Premium Brands Holdings Corp (TSE:PBH) – Stock analysts at Cormark lowered their FY2019 earnings estimates for Premium Brands in a report issued on Wednesday, May 22nd. Cormark analyst K. Mcphee now anticipates that the company will post earnings per share of $3.78 for the year, down from their prior forecast of $4.05. Cormark also issued estimates for Premium Brands’ FY2020 earnings at $4.46 EPS.

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

A number of other brokerages also recently commented on PBH. CIBC lowered their price objective on Premium Brands from C$82.00 to C$72.00 in a research report on Friday, March 15th. Royal Bank of Canada lowered their price objective on Premium Brands from C$100.00 to C$97.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. TD Securities lifted their price objective on Premium Brands from C$93.00 to C$96.00 and gave the company a “buy” rating in a research report on Wednesday. Desjardins downgraded Premium Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, Industrial Alliance Securities reaffirmed a “buy” rating and issued a C$95.00 price objective on shares of Premium Brands in a research report on Monday, January 28th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$92.63.

Shares of TSE:PBH opened at C$87.37 on Thursday. The firm has a market capitalization of $2.63 billion and a PE ratio of 30.55. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 187.13. Premium Brands has a 52 week low of C$66.99 and a 52 week high of C$118.49.

About Premium Brands

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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