- High Liner Foods reported an adjusted earnings per share (EPS) of 38 cents for the second quarter, missing the estimated 42 cents but showing slight growth from the previous year’s 35 cents.
- Adjusted EBITDA reached $25.1 million, marking a 5.3% year-over-year increase, but fell short of the $26.4 million estimate.
- The company saw a 6% increase in sales volume, with total sales amounting to $239.6 million, surpassing the $239.2 million estimate with a 9.8% year-over-year increase.
- High Liner Foods anticipates its financial ratios will exceed the long-term target due to the Conagra Brands acquisition, expected by the end of Fiscal 2025.
- Retail sales experienced year-over-year growth, and foodservice volumes showed improvement, driven by a later Lent season this year.
- Analyst recommendations are favorable, with 3 buy ratings, 2 hold ratings, and no sell ratings.
A look at High Liner Foods Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
High Liner Foods Inc., a North American processor and marketer of frozen seafood, is poised for a positive long-term outlook based on the Smartkarma Smart Scores. With a top score in Value and strong scores in Dividend and Growth, the company showcases a solid foundation for potential growth and returns for investors. Additionally, its above-average scores in Resilience and Momentum indicate a promising ability to weather market fluctuations and maintain steady performance over time.
High Liner Foods‘ focus on providing value-added frozen seafood products across North America positions it well to capitalize on consumer demand in the region. With its established presence in retail, restaurant, and institutional markets, the company has a diversified revenue stream that enhances its resilience in the face of changing economic conditions. Overall, the combination of strong fundamental performance metrics bodes well for High Liner Foods‘ future prospects in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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