Q2 2023 EPS Estimates for High Liner Foods Inc (TSE:HLF) Cut by Cormark

High Liner Foods Inc (TSE:HLF – Get Rating) – Stock analysts at Cormark decreased their Q2 2023 earnings per share (EPS) estimates for shares of High Liner Foods in a note issued to investors on Thursday, May 18th. Cormark analyst K. Mcphee now anticipates that the company will post earnings per share of $0.42 for the quarter, down from their prior estimate of $0.46. The consensus estimate for High Liner Foods’ current full-year earnings is $1.79 per share. Cormark also issued estimates for High Liner Foods’ Q3 2023 earnings at $0.32 EPS, FY2023 earnings at $1.82 EPS, Q1 2024 earnings at $0.66 EPS, Q2 2024 earnings at $0.50 EPS, Q3 2024 earnings at $0.39 EPS, Q4 2024 earnings at $0.54 EPS and FY2024 earnings at $2.08 EPS.

Separately, Royal Bank of Canada raised their target price on High Liner Foods from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Friday.

High Liner Foods Stock Performance

Shares of HLF opened at C$14.67 on Friday. The company has a debt-to-equity ratio of 101.95, a current ratio of 1.74 and a quick ratio of 0.38. The stock has a 50-day moving average of C$14.76 and a 200-day moving average of C$14.34. The company has a market cap of C$486.75 million, a PE ratio of 6.99 and a beta of 0.60. High Liner Foods has a one year low of C$10.77 and a one year high of C$15.87.

High Liner Foods (TSE:HLF – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported C$0.48 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.33 by C$0.15. High Liner Foods had a return on equity of 15.50% and a net margin of 5.12%. The firm had revenue of C$339.90 million during the quarter, compared to the consensus estimate of C$360.46 million.

High Liner Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Thursday, June 1st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.52 annualized dividend and a dividend yield of 3.54%. High Liner Foods’s dividend payout ratio is presently 24.76%.

Insider Activity

In related news, Director Scott A. Brison purchased 3,500 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was acquired at an average price of C$15.05 per share, for a total transaction of C$52,675.00. 39.60% of the stock is currently owned by company insiders.

High Liner Foods Company Profile

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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.