Research Analysts Offer Predictions for High Liner Foods Inc’s FY2019 Earnings (HLF)

High Liner Foods Inc (TSE:HLF) – Equities research analysts at Cormark lowered their FY2019 EPS estimates for High Liner Foods in a research note issued to investors on Wednesday, August 15th. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $1.11 for the year, down from their previous forecast of $1.14.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets raised their target price on shares of High Liner Foods from C$10.50 to C$10.75 in a research report on Thursday, May 10th. Royal Bank of Canada dropped their target price on shares of High Liner Foods from C$12.00 to C$8.00 in a research report on Wednesday. Finally, Scotiabank dropped their target price on shares of High Liner Foods from C$13.00 to C$10.50 and set a “sector perform” rating for the company in a research report on Thursday, May 10th.

TSE:HLF opened at C$6.67 on Thursday. High Liner Foods has a 12 month low of C$6.51 and a 12 month high of C$15.67.

In other High Liner Foods news, Director Schaayk Frank Bernard Har Van purchased 4,000 shares of the stock in a transaction that occurred on Thursday, May 24th. The stock was bought at an average cost of C$10.80 per share, with a total value of C$43,200.00. Also, Director Robert P. Dexter purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, June 5th. The shares were acquired at an average cost of C$10.59 per share, with a total value of C$105,900.00. Over the last three months, insiders have purchased 17,600 shares of company stock valued at $173,220.

About High Liner Foods

High Liner Foods Incorporated engages in the processing and marketing of prepared and packaged frozen seafood products in the United States and Canada. The company provides a range of frozen seafood products, such as raw fillets and shellfishes; cooked shellfishes; and value-added products comprising sauced, glazed, breaded, and battered seafood products, as well as seafood entrées.

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