High Liner Foods (TSE:HLF – Get Rating) will release its quarterly results before market open on Wednesday, August 10.
High Liner Foods (TSE:HLF – Get Rating) last released quarterly earnings data on Wednesday, May 11. The company reported earnings per share (EPS) of CA$0.54 for the quarter. The company recorded revenue of C$373.35 million for the quarter, compared to the consensus estimate of C$355.85 million.
High Liner foods are trading up 1.9%
Shares of HLF opened at C$12.18 on Wednesday. High Liner Foods has a 1-year low of C$10.77 and a 1-year high of C$15.45. The company has a fifty-day moving average price of C$12.07 and a 200-day moving average price of C$12.67. The company has a debt ratio of 84.25, a current ratio of 2.22 and a quick ratio of 0.66. The company has a market cap of C$405.75 million and a price-to-earnings ratio of 8.64.
High Liner Foods Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 received a dividend of $0.10 per share. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Tuesday, May 31. High Liner Foods’ payout ratio is 19.17%.
Analyst upgrades and downgrades
A number of equity research analysts have recently released reports on the stock. Clarus Securities reissued a “buy” rating and set a price target of C$26.50 on shares of High Liner Foods in a Wednesday, May 25 research report. Royal Bank of Canada lowered its price target on High Liner Foods shares from C$15.00 to C$13.00 and set an ‘industry performance’ rating on the stock in a research note Thursday, May 12. Finally, BMO Capital Markets reduced shares of High Liner Foods from an “outperforming” rating to a “market performance” rating and lowered its target price for the company from C$16.00 to C$13.00. $CAD in a research note from Thursday, May 5.
Insider Activity at High Liner Foods
Separately, insider High Liner Foods Incorporated bought 6,998 shares in a trade that took place on Wednesday, June 15. The shares were purchased at an average price of CA$12.62 per share, for a total transaction of CA$88,318.96. Following the purchase, the insider now owns 6,998 shares of the company, valued at C$88,318.96. During the last quarter, insiders purchased 78,892 shares of the company worth $973,561.
High Liner Foods Company Profile
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High Liner Foods is North America’s leading processor and marketer of value-added frozen seafood. Their branded retail products are sold in the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available at most grocery stores and clubs.
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