Marine Harvest ASA (OTCMKTS:MHGVY) Posts Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Marine Harvest ASA reported quarterly earnings of $0.28 per share, with a net margin of 5.77% and a return on equity of 14.65%.
• The company's stock has shown volatility, with a one-year low of $16.14 and a high of $20.63, currently trading at $19.85.
• Marine Harvest ASA recently declared a dividend of $0.123 per share, despite a payout ratio of 73.53%, indicating a priority in shareholder returns amidst financial performance.

Marine Harvest ASA (OTCMKTS:MHGVY - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01), Zacks reports. Marine Harvest ASA had a return on equity of 14.06% and a net margin of 5.85%.The business had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.54 billion.

Marine Harvest ASA Trading Up 0.4%

MHGVY traded up $0.0860 during trading on Friday, hitting $20.4960. 16,979 shares of the stock were exchanged, compared to its average volume of 13,325. The firm has a 50 day simple moving average of $19.25 and a 200 day simple moving average of $18.81. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 29.28 and a beta of 1.22. Marine Harvest ASA has a 1 year low of $16.14 and a 1 year high of $20.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 3.62.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets downgraded Marine Harvest ASA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Marine Harvest ASA Company Profile

Mowi ASA, a seafood company, farms, produces, and supplies Atlantic salmon products worldwide. It operates through three segments: Feed, Farming, and Sales and Marketing. The company is involved in the salmon feed production, salmon farming and primary processing, and seafood secondary processing activities.