Cormark Has Bearish Forecast for TSE:HLF FY2024 Earnings

High Liner Foods Inc (TSE:HLF) – Stock analysts at Cormark reduced their FY2024 EPS estimates for High Liner Foods in a research note issued to investors on Monday, November 11th. Cormark analyst K. Mcphee now anticipates that the company will post earnings of $1.85 per share for the year, down from their prior estimate of $1.88. The consensus estimate for High Liner Foods’ current full-year earnings is $1.99 per share. Cormark also issued estimates for High Liner Foods’ Q4 2024 earnings at $0.32 EPS, Q2 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.47 EPS and FY2025 earnings at $2.25 EPS.

High Liner Foods Stock Up 1.7 %

HLF opened at C$14.70 on Thursday. The firm’s 50-day simple moving average is C$13.16 and its 200-day simple moving average is C$13.26. High Liner Foods has a twelve month low of C$10.36 and a twelve month high of C$14.72. The firm has a market cap of C$439.97 million, a price-to-earnings ratio of 7.62 and a beta of 0.89. The company has a debt-to-equity ratio of 61.80, a quick ratio of 0.38 and a current ratio of 2.88.

High Liner Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from High Liner Foods’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.63%. High Liner Foods’s payout ratio is 31.09%.

High Liner Foods Company Profile

High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Their retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available in most grocery and club stores.