Marine Harvest ASA (MHGVY) Projected to Post Earnings on Wednesday

Marine Harvest ASA (OTCMKTS:MHGVY) will likely be issuing its results before the market opens on Wednesday, May 13th. Analysts expect the company to announce earnings of $0.3036 per share and revenue of $1.8349 billion for the quarter.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.29 billion. Marine Harvest ASA had a net margin of 13.70% and a return on equity of 12.23%.

Marine Harvest ASA Stock Down 2.0%

MHGVY stock opened at $21.53 on Wednesday. The company’s 50 day simple moving average is $22.65 and its 200-day simple moving average is $22.83. The firm has a market capitalization of $11.35 billion, a PE ratio of 13.54 and a beta of 0.92. Marine Harvest ASA has a 12 month low of $17.84 and a 12 month high of $24.86. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.93 and a quick ratio of 0.93.

Wall Street Analyst Weigh In

Separately, Pareto Securities upgraded shares of Marine Harvest ASA to a “hold” rating in a research report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

About Marine Harvest ASA

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.