SunOpta (STKL) to Release Earnings on Tuesday

SunOpta (NASDAQ:STKL) (TSE:SOY) will announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. SunOpta has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. SunOpta had a positive return on equity of 6.51% and a negative net margin of 23.23%. The firm had revenue of $171.00 million for the quarter, compared to analyst estimates of $159.95 million. During the same quarter last year, the firm posted ($0.03) EPS. The business’s revenue was down 17.7% on a year-over-year basis. On average, analysts expect SunOpta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SunOpta Trading Up 3.9 %

STKL opened at $6.80 on Friday. The company’s 50 day simple moving average is $6.23 and its two-hundred day simple moving average is $5.86. The firm has a market capitalization of $812.26 million, a price-to-earnings ratio of -4.89 and a beta of 1.83. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.27 and a quick ratio of 0.61. SunOpta has a 1-year low of $3.80 and a 1-year high of $7.59.

Analysts Set New Price Targets

STKL has been the subject of a number of recent research reports. DA Davidson reiterated a “buy” rating and issued a $9.00 price target on shares of SunOpta in a research note on Thursday, October 10th. StockNews.com downgraded SunOpta from a “hold” rating to a “sell” rating in a research note on Friday.

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.