High Liner Foods (TSE:HLF) Issues Quarterly Earnings Results

High Liner Foods (TSE:HLF) issued its quarterly earnings data on Thursday. The company reported C$0.63 earnings per share for the quarter, reports. The company had revenue of C$382.35 million during the quarter. High Liner Foods had a return on equity of 7.07% and a net margin of 2.68%.During the same quarter in the prior year, the firm posted $0.28 EPS.

High Liner Foods Stock Performance

Shares of HLF opened at C$15.42 on Friday. The stock has a market capitalization of C$432.95 million, a P/E ratio of 15.73 and a beta of 0.72. The company has a debt-to-equity ratio of 75.38, a quick ratio of 0.38 and a current ratio of 2.45. High Liner Foods has a 1 year low of C$13.13 and a 1 year high of C$17.60. The company’s fifty day moving average is C$14.68 and its two-hundred day moving average is C$14.85.

High Liner Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, June 1st. High Liner Foods’s dividend payout ratio (DPR) is 51.08%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their target price on shares of High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 28th. Ventum Financial set a C$15.50 price target on shares of High Liner Foods and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$16.70.

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.