Marine Harvest ASA (OTCMKTS:MHGVY – Get Free Report) released its earnings results on Tuesday. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03, Zacks reports. Marine Harvest ASA had a return on equity of 11.78% and a net margin of 11.19%.The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion.
Marine Harvest ASA Stock Up 0.6%
Shares of OTCMKTS:MHGVY opened at $21.22 on Thursday. The firm has a market capitalization of $11.19 billion, a P/E ratio of 14.95 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.02 and a current ratio of 3.15. The stock has a 50 day moving average price of $20.25 and a 200-day moving average price of $21.67. Marine Harvest ASA has a 52-week low of $18.06 and a 52-week high of $24.86.
Analysts Set New Price Targets
A number of brokerages recently commented on MHGVY. Kepler Capital Markets cut shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday. Pareto Securities lowered shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
About Marine Harvest ASA
Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.
Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.
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