Clearwater Seafoods Inc (TSE:CLR) – Equities researchers at Cormark increased their FY2020 earnings per share estimates for Clearwater Seafoods in a research report issued on Thursday, August 8th. Cormark analyst K. Mcphee now anticipates that the company will post earnings of $0.38 per share for the year, up from their prior estimate of $0.36.
Separately, BMO Capital Markets lowered their target price on Clearwater Seafoods from C$6.00 to C$5.75 in a research report on Friday, August 9th.
Clearwater Seafoods (TSE:CLR) last released its earnings results on Tuesday, May 14th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$120.08 million during the quarter, compared to the consensus estimate of C$128.80 million.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, September 3rd will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.82%. Clearwater Seafoods’s dividend payout ratio is currently -33.90%.
Clearwater Seafoods Company Profile
Clearwater Seafoods Incorporated, through its investment in Clearwater Seafoods Limited Partnership, harvests, processes, markets, and distributes seafood worldwide. Its seafood products include shellfish, scallops, lobsters, clams, coldwater shrimps, crabs, ground fish, langoustines, and whelks. The company was formerly known as Clearwater Seafoods Income Fund and changed its name to Clearwater Seafoods Incorporated in October 2011.
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