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

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Shares of Clearwater Seafoods (TSE CLR) opened at 10.55 on Monday. Clearwater Seafoods has a 12 month low of $9.85 and a 12 month high of $14.85. The company’s 50 day moving average price is $11.36 and its 200 day moving average price is $10.86. The stock has a market capitalization of $674.50 million and a PE ratio of 21.06.

Clearwater Seafoods (TSE:CLR) last announced its earnings results on Thursday, May 18th. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business had revenue of $128.37 million during the quarter, compared to the consensus estimate of $118.60 million. Clearwater Seafoods had a return on equity of 5.16% and a net margin of 2.51%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, September 1st will be issued a $0.05 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.20 annualized dividend and a dividend yield of 1.90%.

In other Clearwater Seafoods news, Director Jane Craighead purchased 4,500 shares of Clearwater Seafoods stock in a transaction dated Thursday, May 18th. The stock was acquired at an average cost of C$11.49 per share, with a total value of C$51,705.00. Also, insider Fine Foods Incorpor Clearwater sold 441,800 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of C$11.48, for a total value of C$5,071,864.00. Insiders sold a total of 449,400 shares of company stock valued at $5,160,992 over the last three months.

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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