Clearwater Seafoods Inc to Post FY2016 Earnings of $0.59 Per Share, Cormark Forecasts (CLR)
Clearwater Seafoods Inc (TSE:CLR) – Investment analysts at Cormark dropped their FY2016 earnings estimates for Clearwater Seafoods in a research note issued to investors on Friday. Cormark analyst K. Mcphee now expects that the firm will post earnings of $0.59 per share for the year, down from their prior forecast of $0.66.
Other equities analysts have also issued research reports about the company. Scotiabank cut their price target on Clearwater Seafoods from C$17.00 to C$16.75 and set an “outperform” rating for the company in a research note on Wednesday, September 7th. BMO Capital Markets restated an “outperform” rating on shares of Clearwater Seafoods in a research note on Friday, October 28th.
Shares of Clearwater Seafoods (TSE:CLR) opened at 12.10 on Monday. Clearwater Seafoods has a 12 month low of $9.95 and a 12 month high of $14.85. The firm’s 50-day moving average price is $13.67 and its 200-day moving average price is $14.01. The stock has a market capitalization of $773.60 million and a P/E ratio of 57.62.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, December 1st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 18th. This represents a $0.20 annualized dividend and a dividend yield of 1.65%.
Clearwater Seafoods Company Profile
Clearwater Seafoods Incorporated is a seafood company. The Company is engaged in the ownership and operation of assets and property in connection with the harvesting, processing, distribution and marketing of seafood. The Company’s segment includes integrated operations for harvesting, processing and distribution of seafood products.
Receive News & Stock Ratings for Clearwater Seafoods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearwater Seafoods Inc and related stocks with our FREE daily email newsletter.