SunOpta (STKL) to Release Earnings on Wednesday

SunOpta (NASDAQ:STKL) (TSE:SOY) is scheduled to be announcing its earnings results 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 wish to listen to the company’s conference call can do so using this link.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. SunOpta had a negative net margin of 22.85% and a positive return on equity of 4.05%. The firm had revenue of $181.62 million during 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 Stock Performance

STKL stock opened at $5.54 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.19 and a quick ratio of 0.65. The company has a 50 day moving average price of $6.50 and a 200 day moving average price of $5.65. SunOpta has a fifty-two week low of $2.79 and a fifty-two week high of $8.22. The stock has a market capitalization of $655.55 million, a PE ratio of -3.62 and a beta of 1.73.

Insiders Place Their Bets

In related news, CEO Brian W. Kocher purchased 36,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $6.75 per share, with a total value of $243,000.00. Following the completion of the purchase, the chief executive officer now owns 36,000 shares in the company, valued at approximately $243,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Brian W. Kocher acquired 36,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $6.75 per share, for a total transaction of $243,000.00. Following the completion of the acquisition, the chief executive officer now owns 36,000 shares in the company, valued at $243,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Ennen sold 150,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now 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.

Analysts Set New Price Targets

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

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.