FY2017 EPS Estimates for Clearwater Seafoods Inc (CLR) Reduced by Cormark

Clearwater Seafoods Inc (TSE:CLR) – Equities research analysts at Cormark dropped their FY2017 earnings per share (EPS) estimates for shares of Clearwater Seafoods in a research report issued on Friday. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $0.56 for the year, down from their prior estimate of $0.66.

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Clearwater Seafoods (TSE:CLR) opened at 10.27 on Monday. Clearwater Seafoods has a 12-month low of $9.85 and a 12-month high of $14.74. The firm has a 50-day moving average of $11.29 and a 200-day moving average of $10.86. The firm has a market cap of $656.60 million and a P/E ratio of 20.50.

Clearwater Seafoods (TSE:CLR) last released its quarterly earnings data on Thursday, May 18th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $128.37 million during the quarter, compared to the consensus estimate of $118.60 million. Clearwater Seafoods had a net margin of 2.51% and a return on equity of 5.16%.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, September 1st will be paid a $0.05 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.95%.

In related news, insider Fine Foods Incorpor Clearwater sold 441,800 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of C$11.48, for a total value of C$5,071,864.00. Also, Director Eduardo Santia Gonzalez-Lemmi sold 2,600 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of C$11.78, for a total value of C$30,628.00. Insiders sold 449,400 shares of company stock valued at $5,160,992 over the last 90 days.

About Clearwater Seafoods

Clearwater Seafoods Incorporated, through its investment in Clearwater Seafoods Limited Partnership, harvests, processes, markets, and distributes seafood products worldwide. Its seafood products include scallops, lobsters, clams, coldwater shrimps, crabs, langoustines, and ground fish and other shellfish.

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