Marine Harvest ASA (MHGVY) to Post Quarterly Earnings on Tuesday

Marine Harvest ASA (OTCMKTS:MHGVY) is expected to announce its results before the market opens on Tuesday, August 18th. Analysts expect Marine Harvest ASA to post earnings of $0.2887 per share and revenue of $1.7873 billion for the quarter.

Marine Harvest ASA (OTCMKTS:MHGVY) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Marine Harvest ASA had a return on equity of 11.68% and a net margin of 15.18%.

Marine Harvest ASA Stock Down 0.3%

OTCMKTS:MHGVY opened at $20.89 on Tuesday. Marine Harvest ASA has a twelve month low of $18.06 and a twelve month high of $24.86. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 11.11 and a beta of 0.92. The company has a quick ratio of 1.02, a current ratio of 3.15 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $20.12 and its two-hundred day moving average price is $21.71.

Wall Street Analyst Weigh In

A number of brokerages have commented on MHGVY. Pareto Securities cut shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Kepler Capital Markets raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong 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.