FY2024 Earnings Forecast for SunOpta Issued By William Blair

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL) – Analysts at William Blair cut their FY2024 earnings per share estimates for SunOpta in a research note issued on Tuesday, November 5th. William Blair analyst J. Andersen now expects that the company will post earnings per share of $0.15 for the year, down from their prior estimate of $0.16. The consensus estimate for SunOpta’s current full-year earnings is $0.07 per share.

SunOpta Stock Performance

SOY stock opened at C$10.23 on Friday. The firm has a 50 day moving average of C$8.68 and a two-hundred day moving average of C$8.08. SunOpta has a 12 month low of C$5.26 and a 12 month high of C$10.43. The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of -102.30, a P/E/G ratio of 3.16 and a beta of 1.83. The company has a quick ratio of 0.49, a current ratio of 1.27 and a debt-to-equity ratio of 244.95.

SunOpta (TSE:SOY) (NASDAQ:STKL) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.03. The business had revenue of C$240.40 million during the quarter, compared to analyst estimates of C$236.68 million. SunOpta had a negative return on equity of 2.92% and a negative net margin of 23.23%.

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.