Desjardins Weighs in on Premium Brands Holdings Co.’s Q2 2022 Earnings (TSE:PBH)

Premium Brands Holdings Co. (TSE:PBH – Get Rating) – Stock analysts at Desjardins cut their Q2 2022 EPS estimates for Premium Brands in a report released on Monday, August 1st. Desjardins analyst C. Li now anticipates that the company will earn $1.34 per share for the quarter, down from their previous estimate of $1.45. The consensus estimate for Premium Brands’ current full-year earnings is $6.37 per share. Desjardins also issued estimates for Premium Brands’ Q3 2022 earnings at $1.63 EPS and FY2022 earnings at $5.51 EPS.

Premium Brands (TSE:PBH – Get Rating) last announced its quarterly earnings data on Friday, May 6th. The company reported C$0.88 earnings per share for the quarter, beating the consensus estimate of C$0.83 by C$0.05. The company had revenue of C$1.25 billion for the quarter, compared to analyst estimates of C$1.27 billion.

A number of other research firms have also weighed in on PBH. Royal Bank of Canada lowered their target price on shares of Premium Brands from C$126.00 to C$125.00 and set a “sector perform” rating on the stock in a report on Monday, May 9th. TD Securities reduced their price objective on shares of Premium Brands from C$160.00 to C$150.00 and set a “buy” rating for the company in a research report on Wednesday, June 29th. National Bankshares reduced their price objective on shares of Premium Brands from C$137.00 to C$136.00 and set an “outperform” rating for the company in a research report on Friday, July 22nd. Scotiabank reduced their price objective on shares of Premium Brands from C$145.00 to C$137.00 in a research report on Tuesday, June 28th. Finally, BMO Capital Markets reduced their price objective on shares of Premium Brands from C$142.00 to C$139.00 in a research report on Monday, May 9th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$138.10.

Premium Brands Trading Down 1.3 %

PBH opened at C$100.00 on Thursday. The company has a debt-to-equity ratio of 119.93, a current ratio of 2.30 and a quick ratio of 0.95. Premium Brands has a fifty-two week low of C$87.06 and a fifty-two week high of C$137.75. The firm has a market capitalization of C$4.48 billion and a PE ratio of 32.36. The company’s 50-day moving average is C$96.94 and its 200 day moving average is C$105.40.

Premium Brands Company Profile

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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, entrees, panini, wraps, subs, hamburgers, burgers, muffins, breads, pastas, and baking and sushi products, as well as processed meat products and ready-to-eat meals.