Marine Harvest ASA (OTCMKTS:MHGVY) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Marine Harvest ASA (OTCMKTS:MHGVY) issued its quarterly earnings data on Tuesday. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03, Zacks reports. Marine Harvest ASA had a return on equity of 11.68% and a net margin of 15.18%.

Marine Harvest ASA Price Performance

Shares of MHGVY stock opened at $21.25 on Tuesday. The stock has a 50 day moving average of $20.20 and a two-hundred day moving average of $21.69. The company has a current ratio of 3.15, a quick ratio of 1.02 and a debt-to-equity ratio of 0.68. Marine Harvest ASA has a 12 month low of $18.06 and a 12 month high of $24.86. The company has a market capitalization of $11.20 billion, a P/E ratio of 11.30 and a beta of 0.92.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MHGVY shares. Pareto Securities cut shares of Marine Harvest ASA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Kepler Capital Markets raised Marine Harvest ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Marine Harvest ASA presently has an average rating of “Strong Buy”.

About Marine Harvest ASA

Marine Harvest ASA, trading on the OTC Markets under the symbol MHGVY, is a leading global seafood company headquartered in Bergen, Norway. The company specializes in the farming, processing and distribution of Atlantic salmon and other salmonid species, delivering fresh, frozen and value-added products to retail, foodservice and wholesale customers. With a focus on high-quality protein, Marine Harvest’s product portfolio includes whole and portioned fillets, smoked salmon, seafood burgers, ready-to-eat meals and other branded offerings.

Marine Harvest operates a fully integrated value chain spanning broodstock and hatchery operations, fish feed production, farming sites, processing facilities and global sales offices.