Marine Harvest ASA (OTCMKTS:MHGVY) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Marine Harvest ASA (OTCMKTS:MHGVY) posted its earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01), Zacks reports. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.54 billion. Marine Harvest ASA had a return on equity of 14.65% and a net margin of 5.77%.

Marine Harvest ASA Stock Performance

MHGVY opened at $19.98 on Thursday. The business’s 50-day moving average price is $19.20 and its two-hundred day moving average price is $18.80. Marine Harvest ASA has a 1 year low of $16.14 and a 1 year high of $20.63. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 29.38 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.62 and a quick ratio of 1.03.

Analysts Set New Price Targets

Separately, Kepler Capital Markets lowered Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Marine Harvest ASA Company Profile

Mowi ASA, a seafood company, farms, produces, and supplies Atlantic salmon products worldwide. It operates through three segments: Feed, Farming, and Sales and Marketing. The company is involved in the salmon feed production, salmon farming and primary processing, and seafood secondary processing activities.