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

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

Hilton Food Group stock traded up GBX 30 ($0.39) during trading on Thursday, reaching GBX 1,090 ($14.34). The company had a trading volume of 32,838 shares, compared to its average volume of 37,780. Hilton Food Group has a 12-month low of GBX 855 ($11.25) and a 12-month high of GBX 1,133.86 ($14.92). The stock’s 50 day moving average price is GBX 980.12 and its two-hundred day moving average price is GBX 1,021.02. The firm has a market capitalization of $889.17 million and a price-to-earnings ratio of 29.46. The company has a debt-to-equity ratio of 215.65, a quick ratio of 0.74 and a current ratio of 0.98.

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

A number of equities research analysts have recently commented on the stock. Peel Hunt reiterated a “buy” rating on shares of Hilton Food Group in a report on Tuesday. Berenberg Bank lifted their price target 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. Shore Capital reiterated a “buy” rating on shares of Hilton Food Group in a report on Tuesday. Finally, HSBC reiterated 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 given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,053.33 ($13.86).

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

Hilton Food Group Company Profile

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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