High Liner Foods Inc (TSE:HLF) – Analysts at Beacon Securities cut their FY2017 EPS estimates for shares of High Liner Foods in a research report issued on Tuesday. Beacon Securities analyst D. Cooper now forecasts that the company will post earnings per share of $1.11 for the year, down from their previous forecast of $1.34. Beacon Securities also issued estimates for High Liner Foods’ FY2018 earnings at $1.55 EPS.

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A number of other research analysts have also issued reports on HLF. Royal Bank Of Canada reduced their price target on High Liner Foods from C$21.00 to C$20.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 1st. Scotiabank reduced their price target on High Liner Foods from C$19.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 16th. Finally, BMO Capital Markets reduced their price target on High Liner Foods from C$19.00 to C$15.00 in a research report on Wednesday, August 16th.

Shares of High Liner Foods (TSE HLF) traded up C$0.27 during mid-day trading on Friday, reaching C$13.96. The company’s stock had a trading volume of 132,818 shares, compared to its average volume of 41,229. High Liner Foods has a one year low of C$12.80 and a one year high of C$21.60.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.145 dividend. This is a positive change from High Liner Foods’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, November 30th. This represents a $0.58 annualized dividend and a dividend yield of 4.15%. High Liner Foods’s dividend payout ratio is 41.77%.

About High Liner Foods

High Liner Foods Incorporated is a Canada-based company, which is engaged in the processing and marketing of frozen seafood products. The Company produces a range of products from breaded and battered items to seafood entrees, which are sold to North American food retailers and foodservice distributors.

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