Clearwater Seafoods (TSE:CLR) Price Target Cut to C$5.75 by Analysts at BMO Capital Markets

Clearwater Seafoods (TSE:CLR) had its price objective reduced by BMO Capital Markets from C$6.00 to C$5.75 in a research report sent to investors on Friday, BayStreet.CA reports.

Shares of Clearwater Seafoods stock opened at C$5.30 on Friday. The company has a debt-to-equity ratio of 299.05, a quick ratio of 1.06 and a current ratio of 2.33. The company’s 50-day simple moving average is C$5.24. Clearwater Seafoods has a twelve month low of C$4.53 and a twelve month high of C$6.40. The firm has a market cap of $350.25 million and a price-to-earnings ratio of -8.98.

Clearwater Seafoods (TSE:CLR) last issued its earnings results on Tuesday, May 14th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$120.08 million for the quarter, compared to analyst estimates of C$128.80 million. Sell-side analysts predict that Clearwater Seafoods will post 0.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.20 annualized dividend and a dividend yield of 3.77%. Clearwater Seafoods’s dividend payout ratio (DPR) is currently -33.90%.

Clearwater Seafoods Company Profile

Clearwater Seafoods Incorporated, through its investment in Clearwater Seafoods Limited Partnership, harvests, processes, markets, and distributes seafood worldwide. Its seafood products include shellfish, scallops, lobsters, clams, coldwater shrimps, crabs, ground fish, langoustines, and whelks. The company was formerly known as Clearwater Seafoods Income Fund and changed its name to Clearwater Seafoods Incorporated in October 2011.

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