Saputo (TSE:SAP) Releases Quarterly Earnings Results

Saputo (TSE:SAP) released its quarterly earnings data on Thursday. The company reported C$0.41 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$3.31 billion for the quarter. Saputo had a return on equity of 9.50% and a net margin of 3.39%.

Saputo Stock Performance

Shares of SAP stock opened at C$42.84 on Friday. The stock has a market capitalization of C$17.36 billion, a PE ratio of 27.46, a PEG ratio of 0.56 and a beta of 0.06. The business’s 50 day simple moving average is C$41.38 and its 200 day simple moving average is C$41.34. The company has a debt-to-equity ratio of 59.15, a current ratio of 1.64 and a quick ratio of 0.67. Saputo has a one year low of C$25.17 and a one year high of C$45.09.

Saputo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 25th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.80 annualized dividend and a yield of 1.9%. Saputo’s dividend payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SAP. Royal Bank Of Canada raised their price objective on Saputo from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research note on Sunday, February 8th. Scotiabank increased their target price on Saputo from C$47.00 to C$49.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. TD Securities increased their target price on Saputo from C$51.00 to C$52.00 and gave the company a “buy” rating in a research report on Sunday, February 15th. Ventum Financial set a C$47.00 target price on Saputo and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets boosted their price objective on shares of Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research note on Monday, February 9th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Saputo has an average rating of “Moderate Buy” and an average target price of C$46.11.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.