HelloFresh (HLFFF) Projected to Post Quarterly Earnings on Wednesday

HelloFresh (OTCMKTS:HLFFF) will likely be releasing its results before the market opens on Wednesday, March 18th. Analysts expect HelloFresh to post earnings of $1.27 per share and revenue of $1.5769 billion for the quarter.

HelloFresh Price Performance

Shares of OTCMKTS HLFFF opened at $5.45 on Monday. HelloFresh has a 12 month low of $5.45 and a 12 month high of $13.81. The stock has a 50-day moving average price of $6.29 and a two-hundred day moving average price of $7.29.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered shares of HelloFresh from an “overweight” rating to an “underweight” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

About HelloFresh

HelloFresh SE is a leading global meal kit company that specializes in delivering fresh, pre-portioned ingredients and chef-designed recipes directly to consumers’ doorsteps. Established in Berlin in 2011, HelloFresh has grown to become one of the largest meal kit providers worldwide by combining supply-chain efficiencies with a focus on high-quality ingredients. Subscribers choose from a rotating weekly menu featuring a variety of cuisines, dietary preferences and cooking skill levels, and receive step-by-step recipe cards to simplify meal preparation.

The company operates across North America, Europe and the Asia-Pacific region, with major markets including the United States, Canada, the United Kingdom, Germany, the Netherlands, Australia and New Zealand, among others.