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

Premium Brands (TSE:PBH) released its quarterly earnings data 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 company posted $1.27 earnings per share.

Premium Brands Price Performance

Premium Brands stock opened at C$76.55 on Friday. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56. The company has a market capitalization of C$3.40 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company’s 50 day simple moving average is C$90.94 and its 200-day simple moving average is C$90.48. Premium Brands has a 1 year low of C$75.67 and a 1 year high of C$97.28.

Premium Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Tuesday, December 31st. Premium Brands’s dividend payout ratio is presently 133.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus dropped their price target on Premium Brands from C$106.00 to C$101.00 in a research report on Thursday. CIBC cut their target price on Premium Brands from C$103.00 to C$90.00 in a research note on Thursday. Royal Bank of Canada reduced their price target on Premium Brands from C$100.00 to C$96.00 in a report on Thursday. National Bankshares upped their price objective on shares of Premium Brands from C$101.00 to C$109.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Finally, TD Securities cut their price objective on shares of 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$108.30.

Insider Activity at Premium Brands

In other news, Director Johnny Ciampi acquired 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of C$77.02 per share, for a total transaction of C$269,570.00. In other Premium Brands news, Senior Officer William Dion Kalutycz sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total transaction of C$604,100.00. Also, Director Johnny Ciampi purchased 3,500 shares of the company’s stock in a transaction on Friday, November 8th. The stock was acquired at an average price of C$77.02 per share, with a total value of C$269,570.00. 2.01% of the stock is owned by insiders.

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.