Hilton Food Group (LON:HFG) Issues Quarterly Earnings Results

Hilton Food Group (LON:HFG) announced its quarterly earnings data on Tuesday. The company reported GBX 46 ($0.61) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 43.20 ($0.57) by GBX 2.80 ($0.04), Digital Look Earnings reports.

LON:HFG traded up GBX 28 ($0.37) during mid-day trading on Thursday, hitting GBX 1,088 ($14.31). The stock had a trading volume of 57,297 shares, compared to its average volume of 37,780. The stock has a market capitalization of $889.17 million and a price-to-earnings ratio of 29.41. The company has a 50 day simple moving average of GBX 980.12 and a 200-day simple moving average of GBX 1,021.02. Hilton Food Group has a 52 week low of GBX 855 ($11.25) and a 52 week high of GBX 1,133.86 ($14.92). The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 215.65.

The company also recently disclosed a dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, May 28th will be given a GBX 15.40 ($0.20) dividend. The ex-dividend date is Thursday, May 28th. This is an increase from Hilton Food Group’s previous dividend of $6.00. This represents a yield of 1.45%. Hilton Food Group’s dividend payout ratio (DPR) is currently 0.59%.

HFG has been the subject of several recent analyst reports. Berenberg Bank raised their price objective on shares of Hilton Food Group from GBX 950 ($12.50) to GBX 980 ($12.89) and gave the stock a “hold” rating in a report on Wednesday, February 12th. Peel Hunt reissued a “buy” rating on shares of Hilton Food Group in a report on Tuesday. Shore Capital reissued a “buy” rating on shares of Hilton Food Group in a report on Tuesday. Finally, HSBC reissued a “hold” rating on shares of Hilton Food Group in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Hilton Food Group currently has an average rating of “Hold” and an average target price of GBX 1,053.33 ($13.86).

In other news, insider Rebecca Ann Shelley acquired 1,944 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The shares were purchased at an average cost of GBX 1,023 ($13.46) per share, for a total transaction of £19,887.12 ($26,160.38).

About Hilton Food Group

Hilton Food Group plc, together with its subsidiaries, engages in the food packing business. The company offers a range of fresh items, such as roasting joints, steaks, chops, and minces. It also provides value-added products comprising barbecue ranges, marinated meats, meat cuts, serving sauces, and ready to cook products.

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