High Liner Foods (TSE:HLF) Announces Earnings Results

High Liner Foods (TSE:HLF) announced its quarterly earnings data on Wednesday. The company reported C$0.54 EPS for the quarter, FiscalAI reports. The business had revenue of C$467.13 million during the quarter. High Liner Foods had a net margin of 3.56% and a return on equity of 8.89%.

High Liner Foods Stock Performance

TSE HLF opened at C$13.58 on Thursday. The firm has a market cap of C$382.96 million, a price-to-earnings ratio of 11.13 and a beta of 0.67. The company has a 50 day moving average of C$14.60 and a 200-day moving average of C$14.84. The company has a current ratio of 2.18, a quick ratio of 0.38 and a debt-to-equity ratio of 73.59. High Liner Foods has a 1-year low of C$13.13 and a 1-year high of C$19.07.

High Liner Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Sunday, March 15th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.70 annualized dividend and a dividend yield of 5.2%. High Liner Foods’s dividend payout ratio (DPR) is presently 40.17%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HLF shares. Royal Bank Of Canada cut their price objective on shares of High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 28th. Ventum Financial set a C$15.50 price objective on shares of High Liner Foods and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. ATB Cormark Capital Markets cut their price objective on shares of High Liner Foods from C$24.00 to C$19.50 and set a “speculative buy” rating for the company in a research report on Monday, April 6th. Finally, Raymond James Financial cut their price objective 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. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$17.42.

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.