Premium Brands Holdings Corp (TSE:PBH) – Equities researchers at Cormark issued their Q4 2017 earnings per share estimates for shares of Premium Brands in a research note issued to investors on Tuesday. Cormark analyst K. Mcphee expects that the company will post earnings of $0.93 per share for the quarter.
Several other research firms have also commented on PBH. Royal Bank of Canada lifted their price target on Premium Brands from C$111.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Thursday, November 23rd. BMO Capital Markets upgraded Premium Brands from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$106.00 to C$107.00 in a research report on Wednesday, November 15th. TD Securities lifted their price target on Premium Brands from C$120.00 to C$125.00 and gave the stock an “action list buy” rating in a research report on Thursday, November 23rd. CIBC set a C$116.00 price target on Premium Brands and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Finally, Scotiabank lifted their price target on Premium Brands from C$96.00 to C$97.50 and gave the stock a “sector perform” rating in a research report on Thursday, November 23rd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Premium Brands currently has a consensus rating of “Buy” and an average target price of C$109.19.
Premium Brands (PBH) opened at C$105.41 on Thursday. The company has a market capitalization of $3,300.00, a PE ratio of 37.92 and a beta of 0.42. Premium Brands has a 12-month low of C$69.07 and a 12-month high of C$110.28.
Premium Brands (TSE:PBH) last issued its quarterly earnings data on Tuesday, November 14th. The company reported C$0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.93 by C($0.15). The firm had revenue of C$557.60 million for the quarter, compared to analysts’ expectations of C$581.95 million. Premium Brands had a net margin of 3.82% and a return on equity of 19.68%.
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Premium Brands Company Profile
Premium Brands Holdings Corp is a Canada-based company that, through its subsidiaries, owns a range of specialty food manufacturing and food distribution businesses. The Company’s segments include Specialty Foods and Premium Food Distribution. Its family of brands and businesses include Conte Foods, Larosa Foods, McSweeney’s, Direct Plus, OvenPride and Island City Baking.
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