Premium Brands Holdings Corp (TSE:PBH) – Equities research analysts at National Bank Financial reduced their FY2017 earnings per share (EPS) estimates for shares of Premium Brands Holdings Corp in a report issued on Tuesday. National Bank Financial analyst L. Aghazarian now forecasts that the company will post earnings per share of $3.04 for the year, down from their prior forecast of $3.26. National Bank Financial currently has a “Outperform” rating and a $110.00 target price on the stock. National Bank Financial also issued estimates for Premium Brands Holdings Corp’s Q4 2017 earnings at $0.80 EPS, FY2018 earnings at $3.76 EPS and FY2019 earnings at $4.82 EPS.
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PBH has been the subject of a number of other reports. Royal Bank Of Canada lowered their price target on Premium Brands Holdings Corp from C$109.00 to C$11.00 and set an “outperform” rating for the company in a research report on Tuesday, August 15th. BMO Capital Markets reissued a “market perform” rating and issued a C$106.00 price target on shares of Premium Brands Holdings Corp in a research report on Tuesday, August 15th. Scotiabank increased their price target on Premium Brands Holdings Corp from C$88.00 to C$93.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 15th. Finally, TD Securities raised Premium Brands Holdings Corp from a “buy” rating to an “action list buy” rating and lowered their price target for the company from C$122.00 to C$120.00 in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Premium Brands Holdings Corp has a consensus rating of “Buy” and an average target price of C$103.50.
Shares of Premium Brands Holdings Corp (TSE:PBH) opened at C$97.23 on Friday. Premium Brands Holdings Corp has a 12-month low of C$63.16 and a 12-month high of C$106.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.42 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a yield of 1.73%. Premium Brands Holdings Corp’s dividend payout ratio (DPR) is presently 57.55%.
About Premium Brands Holdings Corp
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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