High Liner Foods (TSE:HLF) Announces Earnings Results

High Liner Foods (TSE:HLF) released its quarterly earnings results on Wednesday. The company reported C$0.54 earnings per share (EPS) for the quarter, FiscalAI reports. High Liner Foods had a return on equity of 8.89% and a net margin of 3.56%.The business had revenue of C$467.13 million during the quarter.

High Liner Foods Trading Down 0.2%

HLF stock traded down C$0.03 during midday trading on Wednesday, reaching C$13.58. The company’s stock had a trading volume of 34,741 shares, compared to its average volume of 33,055. High Liner Foods has a 1 year low of C$13.13 and a 1 year high of C$19.07. The firm has a market capitalization of C$382.96 million, a price-to-earnings ratio of 11.13 and a beta of 0.67. The stock has a fifty day simple moving average of C$14.66 and a two-hundred day simple moving average of C$14.86. The company has a debt-to-equity ratio of 73.59, a quick ratio of 0.38 and a current ratio of 2.18.

High Liner Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Shareholders of record on Sunday, March 15th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Wednesday, March 4th. High Liner Foods’s dividend payout ratio is 40.17%.

Analyst Upgrades and Downgrades

HLF has been the topic of several analyst reports. ATB Cormark Capital Markets lowered their price target on shares of High Liner Foods from C$24.00 to C$19.50 and set a “speculative buy” rating on the stock in a report on Monday, April 6th. Ventum Financial set a C$15.50 price objective on High Liner Foods and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Raymond James Financial cut their price objective on shares of High Liner Foods from C$17.00 to C$15.00 and set a “market perform” rating for the company in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada reduced their price target on shares of High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$17.42.

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. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.