SunOpta (STKL) Scheduled to Post Quarterly Earnings on Wednesday

SunOpta (NASDAQ:STKL) (TSE:SOY) is set to announce its earnings results 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its earnings results on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, topping 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 analysts’ expectations 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

Shares of NASDAQ:STKL opened at $5.54 on Tuesday. The company has a market capitalization of $655.55 million, a PE ratio of -3.62 and a beta of 1.73. The business has a fifty day moving average price of $6.50 and a 200-day moving average price of $5.65. 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 current ratio of 1.19 and a quick ratio of 0.65.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of SunOpta from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. DA Davidson upped their price objective on SunOpta from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Canaccord Genuity Group increased their target price on SunOpta from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.40.

Insiders Place Their Bets

In other news, insider Joseph Ennen sold 150,000 shares of the stock in a transaction on 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 transaction, the insider now directly owns 1,743,399 shares of the company’s stock, valued at approximately $12,012,019.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 directly owns 1,743,399 shares in the company, valued at approximately $12,012,019.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian W. Kocher purchased 36,000 shares of SunOpta stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $6.75 per share, with a total value of $243,000.00. Following the transaction, the chief executive officer now directly owns 36,000 shares in the company, valued at $243,000. The disclosure for this purchase can be found here. 6.48% of the stock is currently owned by insiders.

About SunOpta

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.