National Bank Financial Weighs in on Winpak FY2024 Earnings

Winpak Ltd. (TSE:WPK) – National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Winpak in a report issued on Sunday, February 2nd. National Bank Financial analyst A. Abdullah now expects that the company will post earnings of $3.47 per share for the year, up from their previous estimate of $3.42. The consensus estimate for Winpak’s current full-year earnings is $3.54 per share. National Bank Financial also issued estimates for Winpak’s Q4 2024 earnings at $0.94 EPS, FY2025 earnings at $3.63 EPS and FY2026 earnings at $3.86 EPS.

WPK has been the topic of several other research reports. BMO Capital Markets raised their target price on shares of Winpak from C$50.00 to C$52.00 in a research note on Friday, October 25th. CIBC lifted their price target on Winpak from C$53.00 to C$54.00 in a research report on Monday, October 28th.

Winpak Trading Down 0.9 %

Shares of TSE WPK opened at C$42.00 on Tuesday. The company has a market cap of C$2.65 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21. The stock’s 50 day simple moving average is C$46.92 and its 200 day simple moving average is C$46.78. The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82. Winpak has a 12-month low of C$38.81 and a 12-month high of C$51.16.

Winpak Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Thursday, January 2nd. Winpak’s dividend payout ratio (DPR) is currently 6.58%.

About Winpak

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.