SunOpta (NASDAQ:STKL) Announces Earnings Results, Hits Expectations

SunOpta (NASDAQ:STKL) (TSE:SOY) posted its earnings results on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06, Zacks reports. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The firm had revenue of $193.91 million during the quarter, compared to the consensus estimate of $189.90 million. SunOpta updated its FY 2025 guidance to EPS.

SunOpta Stock Down 2.5 %

Shares of STKL stock traded down $0.16 during mid-day trading on Friday, reaching $6.16. 369,406 shares of the company were exchanged, compared to its average volume of 537,471. SunOpta has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. The company has a market capitalization of $737.47 million, a P/E ratio of -33.91 and a beta of 1.79. The business’s 50 day simple moving average is $7.43 and its 200 day simple moving average is $6.96.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Stephens reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of SunOpta in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, SunOpta has an average rating of “Moderate Buy” and an average target price of $9.50.

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.