FY2018 Earnings Estimate for High Liner Foods Inc (HLF) Issued By Cormark

High Liner Foods Inc (TSE:HLF) – Investment analysts at Cormark lowered their FY2018 earnings estimates for shares of High Liner Foods in a research note issued on Thursday, May 10th. Cormark analyst K. Mcphee now anticipates that the company will post earnings of $1.25 per share for the year, down from their prior estimate of $1.35. Cormark also issued estimates for High Liner Foods’ FY2019 earnings at $1.25 EPS.

Other analysts have also recently issued research reports about the company. Scotiabank dropped their price objective on High Liner Foods from C$13.00 to C$10.50 and set a “sector perform” rating for the company in a research report on Thursday, May 10th. Royal Bank of Canada dropped their price objective on High Liner Foods from C$13.00 to C$12.00 and set a “sector perform” rating for the company in a research report on Thursday, May 10th. Finally, BMO Capital Markets lifted their price objective on High Liner Foods from C$10.50 to C$10.75 in a research report on Thursday, May 10th.

Shares of High Liner Foods opened at C$10.35 on Monday, Marketbeat Ratings reports. High Liner Foods has a fifty-two week low of C$10.38 and a fifty-two week high of C$21.60.

High Liner Foods (TSE:HLF) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.19 earnings per share for the quarter. High Liner Foods had a return on equity of 9.53% and a net margin of 2.14%. The business had revenue of C$334.06 million during the quarter.

In related news, Director Alan Bell acquired 2,300 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was purchased at an average price of C$11.13 per share, for a total transaction of C$25,599.00. Also, Director Robert P. Dexter acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of C$11.52 per share, with a total value of C$115,200.00. In the last quarter, insiders have purchased 26,800 shares of company stock valued at $295,909.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend is Thursday, May 31st.

High Liner Foods Company Profile

High Liner Foods Incorporated engages in the processing and marketing of prepared and packaged frozen seafood products in the United States and Canada. The company provides a range of frozen seafood products, such as raw fillets and shellfishes; cooked shellfishes; and value-added products comprising sauced, glazed, breaded, and battered seafood products, as well as seafood entrées.

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