SunOpta (NASDAQ:STKL) Releases Earnings Results, Beats Expectations By $0.02 EPS

SunOpta (NASDAQ:STKL) (TSE:SOY) issued its quarterly earnings data on Wednesday. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02, Zacks reports. The firm had revenue of $205.41 million for the quarter, compared to analyst estimates of $195.57 million. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. SunOpta updated its FY 2025 guidance to EPS.

SunOpta Price Performance

SunOpta stock traded up $0.10 during trading hours on Friday, hitting $3.96. The stock had a trading volume of 1,035,334 shares, compared to its average volume of 868,415. SunOpta has a 1-year low of $3.64 and a 1-year high of $8.11. The stock’s fifty day moving average is $5.89 and its two-hundred day moving average is $5.86. The stock has a market capitalization of $478.01 million, a price-to-earnings ratio of -65.25 and a beta of 1.38. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.96 and a quick ratio of 0.39.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Mizuho lowered their price objective on shares of SunOpta from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Thursday. Zacks Research downgraded shares of SunOpta from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SunOpta in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SunOpta currently has a consensus rating of “Hold” and an average price target of $9.00.

Institutional Trading of SunOpta

A number of institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in SunOpta by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,001 shares of the company’s stock valued at $272,000 after acquiring an additional 2,424 shares during the last quarter. Jane Street Group LLC grew its position in SunOpta by 607.5% in the first quarter. Jane Street Group LLC now owns 281,976 shares of the company’s stock worth $1,370,000 after buying an additional 242,121 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SunOpta by 236.3% in the second quarter. JPMorgan Chase & Co. now owns 536,893 shares of the company’s stock valued at $3,114,000 after buying an additional 377,237 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of SunOpta by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 105,664 shares of the company’s stock worth $610,000 after acquiring an additional 5,674 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of SunOpta during the second quarter worth $73,000. 85.39% of the stock is owned by institutional investors and hedge funds.

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.