High Liner Foods Incorporated

HLF

CA4296951094

Food Processing

Market Closed - Toronto S.E. Other stock markets 20:59:29 13/05/2024 BST			5-day change	1st Jan Change
13.35 ^CAD	+1.29%		+1.75%	+12.94%

04-23	High Liner Foods Upgraded To 'B+' On Improved Credit Metrics, Outlook Stable	MT
02-29	High Liner Foods Invests US$5 Million in Norwegian Cod Aquaculture Company Norcod	MT

High Liner Foods Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2023

August 08, 2023

High Liner Foods Incorporated reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported sales was USD 254.35 million compared to USD 253.45 million a year ago. Net income was USD 5.89 million compared to USD 18.98 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.54 a year ago.
For the six months, sales was USD 583.51 million compared to USD 548.19 million a year ago. Net income was USD 19.78 million compared to USD 33.62 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.99 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 0.96 a year ago.

Latest news about High Liner Foods Incorporated

High Liner Foods Upgraded To 'B+' On Improved Credit Metrics, Outlook Stable	04-23	MT
High Liner Foods Invests US$5 Million in Norwegian Cod Aquaculture Company Norcod	02-29	MT
High Liner Foods Brief: Investing US$5 Million in Norcod AS	02-29	MT
High Liner Foods Price Target Raised to $14 at RBC	02-28	MT
Transcript : High Liner Foods Incorporated, Q4 2023 Earnings Call, Feb 22, 2024	02-22
High Liner Foods Incorporated Approves Quarterly Dividend on Common Shares, Payable on March 15, 2024	02-21	CI
High Liner Foods Reports Q4 Adjusted Diluted EPS of $0.23, Declares Dividend	02-21	MT
High Liner Foods Brief: Q4 Adjusted Diluted EPS $0.23	02-21	MT
Tranche Update on High Liner Foods Incorporated's Equity Buyback Plan announced on June 5, 2023.	02-21	CI
High Liner Foods Incorporated Reports Earnings Results for the Full Year Ended December 30, 2023	02-21	CI
High Liner Foods Brief: Company Adds It will immediately commence a search for Jewer's replacement as CFO.	12-20	MT
High Liner Foods Brief: Appointing Paul Jewer to serve as the Co's President & Chief Executive Officer effective immediately; He also joins the Co's Board of Directors	12-20	MT
High Liner Foods Incorporated Appoints Paul Jewer as Chief Executive Officer	12-20	CI
High Liner Foods Incorporated Appoints Paul Jewer as President	12-20	CI
High Liner Foods Upsizes Normal Course Issuer Bid	12-15	MT
High Liner Foods Brief: Amending its Normal Course Issuer Bid	12-15	MT
High Liner Foods Incorporated announces an Increase in Equity Buyback.	12-14	CI
High Liner Foods Reports Q3; Increased Quarterly Dividend 15.4%	11-09	MT
Transcript : High Liner Foods Incorporated, Q3 2023 Earnings Call, Nov 09, 2023	11-09
High Liner Foods Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	11-09	CI
Tranche Update on High Liner Foods Incorporated's Equity Buyback Plan announced on June 5, 2023.	11-07	CI
BMO Initiates Coverage of High Liner Foods With Market Perform, $12 Target	16/10/23	MT
High Liner Foods Appoints Jewer as Interim CEO After Hepponstall Leaves Earlier than Expected	15/09/23	MT
High Liner Foods Incorporated Announces Executive Changes	15/09/23	CI
High Liner Foods CEO to Resign	29/08/23	MT

Chart High Liner Foods Incorporated

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Company Profile

High Liner Foods Incorporated is a Canada-based value-added frozen seafood company. The Company is a processor and marketer of value-added frozen seafood, producing a range of products from breaded and battered items to seafood entrees, which are sold to North American food retailers and foodservice distributors. In addition, it is a supplier of commodity products in the North American market. The Companyâs retail channel includes grocery and club stores, and its products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and Catch of the Day labels. The foodservice channel includes sales of seafood that is usually eaten outside the home and its branded products are sold through distributors to restaurants and institutions under the High Liner, Mirabel, Icelandic Seafood and FPI labels. It owns and operates over three food-processing plants located in Lunenburg, Nova Scotia, Portsmouth, New Hampshire, and Newport News, Virginia.

Sector

Food Processing

Calendar

13/05/2024 - Q1 2024 Earnings Release

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

9.647 USD

Average target price

11.33 USD

Spread / Average Target

+17.41%

Consensus

Quarterly revenue - Rate of surprise

Company calendar

Sector Seafood Product Preparation & Packaging

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Seafood Product Preparation & Packaging