Winpak Ltd. Announces Quarterly Dividend of $0.03 (TSE:WPK)

Winpak Ltd. (TSE:WPK) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Wednesday, July 3rd will be paid a dividend of 0.03 per share on Friday, July 12th. This represents a $0.12 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Wednesday, July 3rd.

Winpak Trading Down 0.7 %

WPK traded down C$0.34 during mid-day trading on Thursday, hitting C$45.05. The stock had a trading volume of 104,578 shares, compared to its average volume of 57,169. The stock’s fifty day simple moving average is C$40.90 and its 200-day simple moving average is C$40.44. The company has a debt-to-equity ratio of 1.00, a current ratio of 10.47 and a quick ratio of 4.69. The firm has a market capitalization of C$2.93 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 4.44 and a beta of 0.19. Winpak has a 1-year low of C$36.95 and a 1-year high of C$46.74.

Winpak (TSE:WPK) last posted its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, topping the consensus estimate of C$0.71 by C$0.03. The company had revenue of C$375.29 million for the quarter, compared to analyst estimates of C$384.56 million. Winpak had a net margin of 12.98% and a return on equity of 11.26%. As a group, research analysts forecast that Winpak will post 3.1780822 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. CIBC raised their price objective on shares of Winpak from C$45.00 to C$49.00 and gave the stock a “neutral” rating in a report on Wednesday. BMO Capital Markets raised their target price on shares of Winpak from C$45.00 to C$46.00 and gave the company a “market perform” rating in a research report on Thursday, February 29th.

Winpak Company Profile

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.