SunOpta (STKL) Set to Announce Quarterly Earnings on Wednesday

SunOpta (NASDAQ:STKL) (TSE:SOY) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. SunOpta has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. SunOpta had a positive return on equity of 4.05% and a negative net margin of 22.85%. The firm had revenue of $181.62 million for the quarter, compared to analyst estimates of $165.10 million. On average, analysts expect SunOpta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SunOpta Price Performance

STKL stock opened at $5.61 on Monday. SunOpta has a 1 year low of $2.79 and a 1 year high of $8.22. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.65 and a current ratio of 1.19. The stock’s 50 day moving average price is $6.51 and its 200 day moving average price is $5.64. The firm has a market cap of $663.83 million, a P/E ratio of -3.67 and a beta of 1.73.

Insider Transactions at SunOpta

In other SunOpta news, insider Joseph Ennen sold 150,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $6.89, for a total transaction of $1,033,500.00. Following the completion of the sale, the insider now owns 1,743,399 shares of the company’s stock, valued at $12,012,019.11. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other SunOpta news, CEO Brian W. Kocher acquired 36,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $6.75 per share, with a total value of $243,000.00. Following the completion of the transaction, the chief executive officer now directly owns 36,000 shares of the company’s stock, valued at $243,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph Ennen sold 150,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $6.89, for a total transaction of $1,033,500.00. Following the completion of the transaction, the insider now directly owns 1,743,399 shares in the company, valued at approximately $12,012,019.11. The disclosure for this sale can be found here. Insiders own 6.48% of the company’s stock.

Analysts Set New Price Targets

STKL has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on SunOpta from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. DA Davidson boosted their price target on SunOpta from $8.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Canaccord Genuity Group boosted their price target on SunOpta from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat.com, SunOpta currently has an average rating of “Moderate Buy” and an average price target of $9.40.

SunOpta Company Profile

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.