Marine Harvest ASA (MHGVY) Expected to Announce Quarterly Earnings on Wednesday

Marine Harvest ASA (OTCMKTS:MHGVY) is anticipated to release its results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of $0.3054 per share and revenue of $1.92 billion for the quarter.

Marine Harvest ASA (OTCMKTS:MHGVY) last released its quarterly earnings data on Tuesday, August 18th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion.

Marine Harvest ASA Trading Up 0.3%

Shares of MHGVY stock opened at $23.24 on Wednesday. Marine Harvest ASA has a fifty-two week low of $18.06 and a fifty-two week high of $24.86. The business’s 50 day moving average price is $21.79 and its 200-day moving average price is $21.77.

Analyst Ratings Changes

Several analysts recently weighed in on MHGVY shares. The Goldman Sachs Group upgraded shares of Marine Harvest ASA to a “hold” rating in a report on Friday, October 2nd. Kepler Capital Markets downgraded shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Pareto Securities lowered shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Marine Harvest ASA Company Profile

Marine Harvest ASA was a Norway-based seafood company focused on the farming, processing and sale of Atlantic salmon. Its operations included hatcheries, marine fish farms, processing facilities and seafood distribution, supporting an integrated value chain from egg production through finished food products.

The company marketed fresh and prepared salmon products to retailers, food-service operators and other customers in international markets. Its activities historically covered major salmon-farming regions including Norway, Scotland, Chile, Canada, Ireland and the Faroe Islands, with products sold across Europe, the Americas and Asia.

Marine Harvest changed its name to Mowi ASA in 2019, adopting the name associated with one of its historical salmon brands.