Research Analysts Set Expectations for Clearwater Seafoods Inc’s FY2018 Earnings (CLR)
Clearwater Seafoods Inc (TSE:CLR) – Equities research analysts at Cormark cut their FY2018 EPS estimates for Clearwater Seafoods in a note issued to investors on Wednesday. Cormark analyst K. Mcphee now expects that the company will post earnings of $0.19 per share for the year, down from their prior estimate of $0.39. Cormark also issued estimates for Clearwater Seafoods’ FY2019 earnings at $0.28 EPS.
CLR has been the subject of a number of other reports. BMO Capital Markets decreased their target price on Clearwater Seafoods from C$11.00 to C$8.00 in a research report on Monday, November 13th. Scotiabank decreased their target price on Clearwater Seafoods from C$11.50 to C$11.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd.
In other news, Director Richard Lawrence Gillis Hood bought 15,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was acquired at an average cost of C$4.25 per share, with a total value of C$63,750.00.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, April 2nd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Wednesday, March 14th. Clearwater Seafoods’s dividend payout ratio is currently 35.71%.
About Clearwater Seafoods
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.
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