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

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

High Liner Foods Price Performance

Shares of HLF stock traded up C$0.88 on Friday, reaching C$15.22. The company’s stock had a trading volume of 129,678 shares, compared to its average volume of 29,957. The company has a quick ratio of 0.38, a current ratio of 2.45 and a debt-to-equity ratio of 75.38. High Liner Foods has a 12-month low of C$13.13 and a 12-month high of C$17.60. The company has a market capitalization of C$427.33 million, a P/E ratio of 15.53 and a beta of 0.72. The stock’s 50 day simple moving average is C$14.66 and its 200-day simple moving average is C$14.85.

High Liner Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.70 annualized dividend and a dividend yield of 4.6%. High Liner Foods’s dividend payout ratio is presently 51.08%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Ventum Financial set a C$15.50 price target on High Liner Foods and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada decreased their price objective on High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently 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.