High Liner Foods Inc (TSE:HLF - Free Report) - Analysts at Cormark cut their FY2024 EPS estimates for shares of High Liner Foods in a research report issued on Monday, November 11th. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $1.85 for the year, down from their previous forecast of $1.88. The consensus estimate for High Liner Foods' current full-year earnings is $1.99 per share. Cormark also issued estimates for High Liner Foods' Q4 2024 earnings at $0.32 EPS, Q2 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.47 EPS and FY2025 earnings at $2.25 EPS.
High Liner Foods Stock Up 0.6 %
Shares of TSE:HLF traded up C$0.08 on Thursday, reaching C$14.24. The company had a trading volume of 32,795 shares, compared to its average volume of 17,555. High Liner Foods has a 52-week low of C$10.36 and a 52-week high of C$14.49. The firm's 50 day simple moving average is C$13.14 and its 200-day simple moving average is C$13.25. The firm has a market capitalization of C$426.20 million, a PE ratio of 7.34 and a beta of 0.89. The company has a current ratio of 2.88, a quick ratio of 0.38 and a debt-to-equity ratio of 61.80.
High Liner Foods Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from High Liner Foods's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 4.78%. High Liner Foods's dividend payout ratio (DPR) is 31.09%.
About High Liner Foods
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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.
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