Cormark Weighs in on Clearwater Seafoods Inc’s FY2020 Earnings (TSE:CLR)

Clearwater Seafoods Inc (TSE:CLR) – Stock analysts at Cormark dropped their FY2020 earnings estimates for Clearwater Seafoods in a research note issued on Tuesday, May 19th. Cormark analyst K. Mcphee now expects that the company will post earnings per share of ($0.21) for the year, down from their prior forecast of $0.23.

Clearwater Seafoods (TSE:CLR) last announced its earnings results on Tuesday, March 3rd. The company reported C$0.13 earnings per share (EPS) for the quarter. The company had revenue of C$167.09 million for the quarter, compared to the consensus estimate of C$178.30 million.

Several other equities research analysts have also issued reports on the stock. BMO Capital Markets dropped their target price on shares of Clearwater Seafoods from C$5.75 to C$5.50 in a research report on Wednesday. Scotiabank dropped their target price on shares of Clearwater Seafoods from C$7.00 to C$6.00 in a research report on Tuesday.

Shares of Clearwater Seafoods stock opened at C$5.03 on Thursday. Clearwater Seafoods has a 1 year low of C$3.83 and a 1 year high of C$6.17. The firm has a market cap of $314.67 million and a PE ratio of 7.86. The company has a debt-to-equity ratio of 234.87, a current ratio of 2.49 and a quick ratio of 1.47. The company has a 50 day simple moving average of C$5.03 and a two-hundred day simple moving average of C$5.29.

Clearwater Seafoods Company Profile

Clearwater Seafoods Incorporated, through its investment in Clearwater Seafoods Limited Partnership, harvests, processes, markets, and distributes seafood worldwide. Its seafood products include shellfish, scallops, lobsters, clams, coldwater shrimps, crabs, ground fish, langoustines, and whelks. The company was formerly known as Clearwater Seafoods Income Fund and changed its name to Clearwater Seafoods Incorporated in October 2011.

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