High Liner Foods Inc Forecasted to Earn FY2018 Earnings of $1.35 Per Share (HLF)

High Liner Foods Inc (TSE:HLF) – Equities researchers at Cormark issued their FY2018 earnings per share (EPS) estimates for High Liner Foods in a report issued on Monday, March 26th, according to Zacks Investment Research. Cormark analyst K. Mcphee forecasts that the company will post earnings of $1.35 per share for the year.

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A number of other analysts have also recently weighed in on the company. Royal Bank of Canada decreased their price objective on High Liner Foods from C$16.00 to C$13.00 and set a “sector perform” rating for the company in a research report on Thursday, February 22nd. Scotiabank reduced their price target on High Liner Foods from C$15.00 to C$13.00 and set a “sector perform” rating for the company in a report on Thursday, February 22nd. Finally, BMO Capital Markets reduced their price target on High Liner Foods from C$14.00 to C$10.50 in a report on Friday, February 23rd.

High Liner Foods stock remained flat at $C$10.88 during mid-day trading on Thursday. The company’s stock had a trading volume of 56,000 shares, compared to its average volume of 71,436. High Liner Foods has a 52 week low of C$10.38 and a 52 week high of C$21.60.

High Liner Foods (TSE:HLF) last posted its quarterly earnings data 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 company had revenue of C$334.06 million during the quarter.

In other news, Director Robert P. Dexter acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of C$11.52 per share, with a total value of C$115,200.00. Also, Director Schaayk Frank Bernard Har Van acquired 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was purchased at an average cost of C$10.98 per share, with a total value of C$49,410.00. Insiders bought a total of 26,800 shares of company stock valued at $295,909 over the last three months.

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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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