Saputo (SAPIF) Expected to Announce Earnings on Thursday

Saputo (OTCMKTS:SAPIF) is anticipated to post its results after the market closes on Thursday, August 6th. Analysts expect Saputo to post earnings of $0.3150 per share and revenue of $3.0554 billion for the quarter.

Saputo Trading Down 0.0%

Shares of OTCMKTS:SAPIF opened at $28.16 on Tuesday. Saputo has a 12 month low of $20.11 and a 12 month high of $32.49. The company’s fifty day moving average price is $29.53 and its 200 day moving average price is $30.14.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SAPIF. Jefferies Financial Group cut Saputo to a “hold” rating in a research report on Friday, July 24th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Saputo in a research report on Monday, June 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About Saputo

Saputo Inc, trading on OTC Markets under the symbol SAPIF, is a Canada‐based dairy processor engaged in the manufacturing, marketing and distribution of a broad array of dairy products. The company’s portfolio spans cheese, fluid milk, cultured products such as yogurt and sour cream, and a range of dairy ingredients including whey proteins and lactose. Headquartered in Montreal, Quebec, Saputo serves both retail consumers and foodservice clients, supplying branded and private‐label offerings in North America and beyond.

Founded in 1954 by the Saputo family, the company has grown from a single cheesemaking facility into one of the world’s largest dairy processors.