High Liner Foods (TSE:HLF) Hits New 12-Month High – Here’s What Happened

High Liner Foods Inc (TSE:HLF) shares hit a new 52-week high on Monday. The stock traded as high as C$26.74 and last traded at C$26.69, with a volume of 117,710 shares. The stock had previously closed at C$15.08.

Wall Street Analysts Forecast Growth

Separately, Ventum Capital set a C$16.50 price target on High Liner Foods and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$16.67.

High Liner Foods Stock Up 76.9%

The firm has a market cap of C$746.89 million, a PE ratio of 30.31 and a beta of 0.57. The firm’s 50 day moving average is C$14.62 and its 200-day moving average is C$14.47. The company has a quick ratio of 0.38, a current ratio of 2.29 and a debt-to-equity ratio of 80.12.

High Liner Foods (TSE:HLF) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.63 EPS for the quarter. High Liner Foods had a return on equity of 6.30% and a net margin of 2.30%. The company had revenue of C$382.35 million during the quarter. During the same quarter last year, the firm earned $0.28 EPS. As a group, equities research analysts expect that High Liner Foods Inc will post 1.99 earnings per share for the current fiscal year.

High Liner Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.1750 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.70 annualized dividend and a yield of 2.6%. High Liner Foods’s dividend payout ratio is currently 57.23%.

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.