Ventum Capital set a C$16.50 price objective on High Liner Foods (TSE:HLF – Free Report) in a research note issued to investors on Wednesday,BayStreet reports. The brokerage currently has a neutral rating on the stock.
High Liner Foods Price Performance
Shares of HLF stock opened at C$15.08 on Wednesday. High Liner Foods has a 1 year low of C$13.13 and a 1 year high of C$17.60. The company has a current ratio of 2.29, a quick ratio of 0.38 and a debt-to-equity ratio of 80.12. The firm’s 50 day moving average is C$14.62 and its 200-day moving average is C$14.47. The firm has a market capitalization of C$422.32 million, a price-to-earnings ratio of 17.14 and a beta of 0.57.
High Liner Foods (TSE:HLF – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.63 earnings per share for the quarter. High Liner Foods had a net margin of 2.30% and a return on equity of 6.30%. The business had revenue of C$382.35 million during the quarter. During the same period in the prior year, the business earned $0.28 EPS. Sell-side analysts forecast that High Liner Foods will post 1.99 EPS for the current fiscal year.
High Liner Foods Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.1750 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.6%. High Liner Foods’s payout ratio is presently 57.23%.
About High Liner Foods
High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Their retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available in most grocery and club stores. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.
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