SunOpta (NASDAQ:STKL) Announces Earnings Results

SunOpta (NASDAQ:STKL) (TSE:SOY) posted its quarterly earnings data on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.11), Fidelity Earnings reports. The firm had revenue of $295.94 million for the quarter, compared to the consensus estimate of $299.10 million. SunOpta had a negative net margin of 6.93% and a negative return on equity of 14.49%.

STKL traded up $0.28 during mid-day trading on Friday, reaching $2.58. 915,600 shares of the stock were exchanged, compared to its average volume of 483,702. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.37 and a current ratio of 1.23. The stock has a market capitalization of $177.58 million, a PE ratio of -9.21 and a beta of 0.67. The company has a 50 day moving average price of $1.79 and a two-hundred day moving average price of $2.83. SunOpta has a 1 year low of $1.30 and a 1 year high of $5.56.

In related news, SVP Geradus Joseph Maria Versteegh purchased 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average cost of $2.15 per share, with a total value of $215,000.00. Following the acquisition, the senior vice president now owns 185,889 shares of the company’s stock, valued at $399,661.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ardsley Advisory Partners Lp purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average cost of $2.00 per share, for a total transaction of $50,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 284,910 shares of company stock worth $602,799 over the last ninety days. Insiders own 1.75% of the company’s stock.

STKL has been the topic of a number of analyst reports. Citigroup set a $3.00 price objective on shares of SunOpta and gave the stock a “buy” rating in a report on Monday, August 12th. Zacks Investment Research raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, ValuEngine raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $3.00.

About SunOpta

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

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Earnings History for SunOpta (NASDAQ:STKL)

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