Research Analysts Offer Predictions for High Liner Foods Inc’s FY2018 Earnings (HLF)

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

HLF has been the topic of a number of other research reports. Scotiabank dropped their price target on shares of High Liner Foods from C$15.00 to C$13.00 and set a “sector perform” rating on the stock in a report on Thursday, February 22nd. Royal Bank of Canada lowered their price objective on shares of High Liner Foods from C$16.00 to C$13.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 22nd. Finally, BMO Capital Markets lowered their price objective on shares of High Liner Foods from C$14.00 to C$10.50 in a research note on Friday, February 23rd.

Shares of High Liner Foods opened at C$10.75 on Monday, according to Marketbeat. 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 announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.19 earnings per share (EPS) for the quarter. The firm had revenue of C$334.06 million for the quarter. High Liner Foods had a net margin of 2.14% and a return on equity of 9.53%.

In other High Liner Foods news, Director Schaayk Frank Bernard Har Van acquired 4,500 shares of the stock in a transaction dated Thursday, March 1st. The shares were purchased at an average price of C$10.98 per share, for a total transaction of C$49,410.00. Also, Director Alan Bell acquired 2,300 shares of the stock in a transaction dated Friday, March 9th. The stock was acquired at an average price of C$11.13 per share, for a total transaction of C$25,599.00. Insiders bought a total of 26,800 shares of company stock worth $295,909 in the last quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Thursday, May 31st.

About High Liner Foods

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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