FY2024 EPS Estimates for High Liner Foods Cut by Cormark

High Liner Foods Inc (TSE:HLF) – Analysts at Cormark cut their FY2024 earnings per share estimates for High Liner Foods in a research note issued on Monday, November 11th. Cormark analyst K. Mcphee now expects that the company will post earnings per share of $1.85 for the year, down from their prior estimate 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 2.0 %

HLF opened at C$14.45 on Thursday. The company has a market capitalization of C$432.49 million, a PE ratio of 7.49 and a beta of 0.89. The company has a debt-to-equity ratio of 61.80, a current ratio of 2.88 and a quick ratio of 0.38. High Liner Foods has a fifty-two week low of C$10.36 and a fifty-two week high of C$14.49. The business has a 50-day moving average of C$13.14 and a 200-day moving average of C$13.25.

High Liner Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 4.71%. The ex-dividend date is Friday, November 29th. This is a positive change from High Liner Foods’s previous quarterly dividend of $0.15. High Liner Foods’s dividend payout ratio (DPR) is presently 31.09%.

High Liner Foods Company Profile

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.