Hf Foods Group (NASDAQ:HFFG) Releases Earnings Results, Beats Estimates By $0.02 EPS

Hf Foods Group (NASDAQ:HFFG – Get Free Report) issued its earnings results on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02, FiscalAI reports. The firm had revenue of $319.57 million for the quarter, compared to analyst estimates of $318.26 million. Hf Foods Group had a positive return on equity of 6.36% and a negative net margin of 2.99%.

Here are the key takeaways from Hf Foods Group’s conference call:

• Revenue rose 4.1% to $319.6 million, marking the seventh consecutive quarter of year-over-year growth, while gross profit increased 5.9% and gross margin expanded to 16.7%. Seafood volume growth and improved pricing were key drivers.
• Profitability weakened: adjusted EBITDA fell 6.3% to $11 million, and HF Foods reported a $4.2 million net loss versus a $1.1 million loss a year ago. Management cited higher fuel costs and one-time transaction and refinancing expenses; fuel headwinds were about $1.4 million for the quarter.
• Searay contributed $4.2 million in revenue and $0.6 million in adjusted EBITDA during its first month under HF Foods, with a mid-teens adjusted EBITDA margin. The company expects the fourth quarter to be its first full quarter of Searay results, though integration and synergy work remain in early stages.
• Cash provided by operating activities reached $23.6 million in the first nine months, up from $4.5 million a year earlier, mainly reflecting a smaller inventory build and working-capital timing. After the Searay acquisition, HF Foods reported $16.4 million in cash and access to about $49.1 million in additional credit, subject to borrowing-base limits.
• Management described cross-selling as a significant opportunity but said it will unfold over a three-to-five-year period, with Searay integration taking priority in the near term. The company said it will continue evaluating acquisitions, while emphasizing disciplined pricing and integration capacity.

Hf Foods Group Trading Up 3.1%

NASDAQ:HFFG traded up $0.04 during mid-day trading on Wednesday, reaching $1.50. 21,588 shares of the company’s stock traded hands, compared to its average volume of 184,210. The firm has a market capitalization of $80.58 million, a price-to-earnings ratio of -2.11, a PEG ratio of 0.42 and a beta of 0.58. The company has a 50 day moving average price of $1.58 and a 200-day moving average price of $1.77. Hf Foods Group has a 12-month low of $1.38 and a 12-month high of $2.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.11 and a quick ratio of 0.49.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Alliance Global Partners reissued a “buy” rating on shares of Hf Foods Group in a research note on Thursday, July 23rd. Weiss Ratings upgraded Hf Foods Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 27th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hf Foods Group presently has a consensus rating of “Hold” and a consensus price target of $5.50.

View Our Latest Research Report on Hf Foods Group

Hf Foods Group Company Profile

(Get Free Report)

HF Foods Group Inc. is a foodservice distributor that supplies restaurants and other foodservice businesses in the United States. The company primarily serves Asian restaurants, with a focus on Chinese restaurants, and provides products and distribution services designed to meet the specialized needs of these operators. Its product portfolio generally includes fresh produce, meats, seafood, frozen and dry goods, beverages, condiments, paper products, and other restaurant supplies. HF Foods Group also provides logistics, warehousing, delivery, sourcing, and related supply-chain services, helping customers obtain a broad range of ingredients and operational supplies from a single distributor.

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