SunOpta (STKL) Set to Announce Quarterly Earnings on Wednesday

SunOpta (NASDAQ:STKL) (TSE:SOY) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. SunOpta has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. SunOpta had a positive return on equity of 4.05% and a negative net margin of 22.85%. The firm had revenue of $181.62 million for the quarter, compared to analysts’ expectations of $165.10 million. On average, analysts expect SunOpta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SunOpta Price Performance

Shares of NASDAQ:STKL opened at $5.61 on Monday. SunOpta has a 12 month low of $2.79 and a 12 month high of $8.22. The stock has a market cap of $663.83 million, a price-to-earnings ratio of -3.67 and a beta of 1.73. The stock’s 50 day moving average price is $6.51 and its 200 day moving average price is $5.64. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.19 and a quick ratio of 0.65.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STKL. Canaccord Genuity Group lifted their price target on shares of SunOpta from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. BMO Capital Markets lifted their price target on shares of SunOpta from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, DA Davidson lifted their price target on shares of SunOpta from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $9.40.

Insiders Place Their Bets

In other SunOpta news, insider Joseph Ennen sold 150,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $6.89, for a total transaction of $1,033,500.00. Following the sale, the insider now directly owns 1,743,399 shares of the company’s stock, valued at approximately $12,012,019.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other SunOpta news, CEO Brian W. Kocher acquired 36,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $6.75 per share, for a total transaction of $243,000.00. Following the transaction, the chief executive officer now owns 36,000 shares of the company’s stock, valued at approximately $243,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Ennen sold 150,000 shares of SunOpta stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $6.89, for a total value of $1,033,500.00. Following the transaction, the insider now directly owns 1,743,399 shares in the company, valued at approximately $12,012,019.11. The disclosure for this sale can be found here. Corporate insiders own 6.48% of the company’s stock.

About SunOpta

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.