High Liner Foods (TSE:HLF) Posts Quarterly Earnings Results

High Liner Foods (TSE:HLF) issued its quarterly earnings results on Thursday. The company reported C$0.63 earnings per share for the quarter, reports. The company had revenue of C$382.35 million for the quarter. High Liner Foods had a return on equity of 7.07% and a net margin of 2.68%.

High Liner Foods Stock Performance

Shares of High Liner Foods stock traded down C$0.08 during trading on Thursday, hitting C$14.34. 36,653 shares of the company’s stock traded hands, compared to its average volume of 29,650. The company has a debt-to-equity ratio of 75.38, a current ratio of 2.45 and a quick ratio of 0.38. High Liner Foods has a 1 year low of C$13.13 and a 1 year high of C$17.60. The stock has a market capitalization of C$402.62 million, a P/E ratio of 14.63 and a beta of 0.72. The business has a 50-day simple moving average of C$14.66 and a 200-day simple moving average of C$14.85.

High Liner Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, June 1st. High Liner Foods’s dividend payout ratio is presently 51.08%.

Analysts Set New Price Targets

A number of analysts have recently commented on HLF shares. Royal Bank Of Canada dropped their target price 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. Ventum Financial set a C$15.50 price target on shares of High Liner Foods and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Raymond James Financial lowered their price target 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 research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$16.70.

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.