High Liner Foods Inc (TSE:HLF) – Beacon Securities cut their FY2018 EPS estimates for shares of High Liner Foods in a report released on Monday. Beacon Securities analyst D. Cooper now anticipates that the company will post earnings per share of $1.24 for the year, down from their previous forecast of $1.55.

High Liner Foods (TSE:HLF) last announced its quarterly earnings data on Thursday, November 9th. The company reported C$0.32 earnings per share for the quarter. High Liner Foods had a return on equity of 9.53% and a net margin of 2.14%.

HLF has been the subject of several other research reports. Scotiabank lowered their price objective on High Liner Foods from C$15.50 to C$15.00 and set a “sector perform” rating for the company in a research report on Friday, November 10th. Royal Bank of Canada decreased their target price on High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a report on Friday, November 10th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$14.00 target price on shares of High Liner Foods in a report on Tuesday, November 14th.

Shares of High Liner Foods (HLF) traded down C$0.05 during mid-day trading on Thursday, reaching C$13.46. The company’s stock had a trading volume of 66,544 shares, compared to its average volume of 46,649. High Liner Foods has a 12-month low of C$12.80 and a 12-month high of C$21.60. The company has a market capitalization of $450.96, a P/E ratio of 14.02 and a beta of 0.71.

In related news, Director Robert Pace sold 6,674 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of C$14.11, for a total transaction of C$94,170.14.

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High Liner Foods Company Profile

High Liner Foods Incorporated is a Canada-based company, which is engaged in the processing and marketing of frozen seafood products. The Company produces a range of products from breaded and battered items to seafood entrees, which are sold to North American food retailers and foodservice distributors.

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