Marine Harvest ASA (MHGVY) Projected to Post Earnings on Wednesday

Marine Harvest ASA (OTCMKTS:MHGVY) is expected to be releasing its results before the market opens on Wednesday, May 13th. Analysts expect Marine Harvest ASA to post earnings of $0.3036 per share and revenue of $1.8349 billion for the quarter.

Marine Harvest ASA (OTCMKTS:MHGVY) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Marine Harvest ASA had a return on equity of 12.23% and a net margin of 13.70%.The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.29 billion.

Marine Harvest ASA Trading Down 2.0%

Shares of Marine Harvest ASA stock opened at $21.53 on Wednesday. Marine Harvest ASA has a 52-week low of $17.84 and a 52-week high of $24.86. The company has a quick ratio of 0.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.69. The company’s 50-day simple moving average is $22.65 and its 200-day simple moving average is $22.83. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 13.54 and a beta of 0.92.

Wall Street Analyst Weigh In

Separately, Pareto Securities upgraded shares of Marine Harvest ASA to a “hold” rating in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

About Marine Harvest ASA

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.