Premium Brands Holdings Co. (TSE:PBH) – Analysts at Desjardins reduced their Q2 2021 earnings per share estimates for Premium Brands in a report released on Thursday, April 29th. Desjardins analyst D. Newman now expects that the company will earn $0.97 per share for the quarter, down from their prior forecast of $0.98. Desjardins also issued estimates for Premium Brands’ FY2022 earnings at $4.64 EPS.
PBH has been the topic of a number of other reports. Royal Bank of Canada upped their target price on Premium Brands from C$103.00 to C$113.00 and gave the company a “sector perform” rating in a research report on Friday, March 12th. BMO Capital Markets upped their price target on Premium Brands from C$125.00 to C$130.00 and gave the company a “na” rating in a research report on Friday, March 12th. TD Securities upped their price target on Premium Brands from C$125.00 to C$145.00 and gave the company a “na” rating in a research report on Friday, March 12th. Scotiabank upped their price target on Premium Brands from C$135.00 to C$137.00 in a research report on Tuesday, April 13th. Finally, CIBC upped their price target on Premium Brands from C$108.00 to C$118.00 and gave the company an “outperform” rating in a research report on Friday, March 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Premium Brands currently has a consensus rating of “Buy” and an average price target of C$129.00.
Premium Brands (TSE:PBH) last announced its earnings results on Thursday, March 11th. The company reported C$0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.76 by C$0.10. The business had revenue of C$1.06 billion during the quarter, compared to analyst estimates of C$1.05 billion.
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 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.
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