Lower EPS Estimate For High Liner Foods In Q2 2023
A company called High Liner Foods had their earnings estimates cut by analysts at Cormark. They now predict that the company will make $0.42 per share in Q2 2023, instead of the previously expected $0.46. The consensus estimate for the company's full-year earnings is $1.79 per share. Cormark also predicts earnings for future quarters and years.
High Liner Foods recently shared its earnings results on February 22nd. They reported earnings of C$0.48 per share which is higher than the expected C$0.33 per share. Despite this, the company's revenue of C$339.90 million is lower than the expected C$360.46 million. High Liner Foods had a 15.50% return on equity and a net margin of 5.12%.
The Royal Bank of Canada upped their price target on High Liner Foods' shares from C$14.00 to C$16.00. This occurred in a research report on February 24th and the stock received a "sector perform" rating.
High Liner Foods' Shares Drop By 3.2%
On Friday, TSE HLF opened at C$14.69. The company's quick ratio is 0.38, current ratio is 1.74, and debt-to-equity ratio is 101.95. Its fifty-two week low is C$10.77 and high is C$15.87. The 50 day moving average price is C$14.76 and the two-hundred day moving average price is C$14.33. The market cap is C$487.41 million, with a PE ratio of 7.00 and a beta of 0.60.
High Liner Foods Announces Dividend
High Liner Foods announced they will furnish its investors with a quarterly dividend on June 16th. A $0.13 dividend will be granted to investors registered on June 1st. This yearly represents a $0.52 dividend and a 3.54% yield. If a shareholder purchase shares after May 31st, they will not receive the dividend, and it's payout ratio is 24.76% at present.
High Liner Foods: Insider Trading Activities
Scott A. Brison, a High Liner Foods Director, bought 3,500 shares in the company. He did this on March 1st. Each share costs C$15.05 on average. The total value of his purchase is C$52,675.00. Insiders own 39.60% of the stocks.
High Liner Foods: A Brief Overview
High Liner Foods sells frozen seafood in North America. They sell branded products like High Liner, Fisher Boy, Sea Cuisine, and C. Wirthy & Co. You can find these products at grocery and club stores in the United States, Canada, and Mexico. High Liner Foods is the top company for frozen seafood in North America.
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