Marine Harvest ASA (MHGVY) Projected to Post Quarterly Earnings on Tuesday

Marine Harvest ASA (OTCMKTS:MHGVY) is anticipated to release its results before the market opens on Tuesday, August 18th. Analysts expect the company to announce earnings of $0.2887 per share and revenue of $1.7873 billion for the quarter.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. Marine Harvest ASA had a net margin of 15.18% and a return on equity of 11.68%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion.

Marine Harvest ASA Price Performance

Shares of OTCMKTS MHGVY opened at $20.89 on Tuesday. The company has a market capitalization of $11.02 billion, a PE ratio of 11.11 and a beta of 0.92. Marine Harvest ASA has a twelve month low of $18.06 and a twelve month high of $24.86. The company has a quick ratio of 1.02, a current ratio of 3.15 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $20.12 and its 200-day moving average price is $21.71.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MHGVY shares. Pareto Securities lowered shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Kepler Capital Markets upgraded shares of Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong 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.