High Liner Foods (TSE:HLF) Issues Earnings Results

High Liner Foods (TSE:HLF) issued its earnings results on Wednesday. The company reported C$0.98 earnings per share for the quarter, FiscalAI reports. High Liner Foods had a net margin of 2.30% and a return on equity of 6.30%. The firm had revenue of C$410.43 million for the quarter.

High Liner Foods Price Performance

Shares of TSE:HLF opened at C$26.95 on Thursday. The stock has a market cap of C$754.73 million, a PE ratio of 30.62 and a beta of 0.84. The company’s fifty day moving average is C$17.64 and its 200 day moving average is C$15.57. High Liner Foods has a 52 week low of C$13.13 and a 52 week high of C$27.12. The company has a quick ratio of 0.38, a current ratio of 2.29 and a debt-to-equity ratio of 80.12.

High Liner Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were paid a $0.1750 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.70 annualized dividend and a yield of 2.6%. High Liner Foods’s dividend payout ratio is currently 57.23%.

Analysts Set New Price Targets

Several research firms recently issued reports on HLF. RBC Dominion Securities boosted their target price on shares of High Liner Foods from C$18.00 to C$27.00 and gave the company a “sector perform” rating in a report on Tuesday, October 27th. Canaccord Genuity Group lowered shares of High Liner Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Raymond James Financial upped their price objective on shares of High Liner Foods from C$16.50 to C$27.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 27th. Ventum increased their price objective on shares of High Liner Foods from C$16.50 to C$27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 27th. Finally, Ventum Capital set a C$16.50 target price on shares of High Liner Foods and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Seven analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$22.29.

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.