Winpak (TSE:WPK) Announces Quarterly Earnings Results

Winpak (TSE:WPK) issued its earnings results on Wednesday. The company reported C$0.74 earnings per share for the quarter, FiscalAI reports. Winpak had a return on equity of 10.69% and a net margin of 12.20%.The company had revenue of C$389.30 million for the quarter.

Winpak Stock Down 2.1%

WPK stock traded down C$0.87 during mid-day trading on Thursday, hitting C$40.16. The stock had a trading volume of 103,194 shares, compared to its average volume of 67,263. The company has a current ratio of 6.34, a quick ratio of 4.69 and a debt-to-equity ratio of 1.06. Winpak has a 1-year low of C$38.95 and a 1-year high of C$52.24. The company has a fifty day moving average of C$45.38 and a 200 day moving average of C$44.76. The stock has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 4.44 and a beta of 0.59.

Winpak Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, April 1st. Winpak’s dividend payout ratio is presently 6.40%.

Wall Street Analysts Forecast Growth

WPK has been the topic of several research reports. Canadian Imperial Bank of Commerce lowered Winpak from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$53.00 to C$52.00 in a research report on Tuesday, February 24th. National Bank Financial upped their target price on Winpak from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 25th. Finally, BMO Capital Markets upped their target price on Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Winpak presently has an average rating of “Hold” and an average target price of C$51.00.

Winpak Company Profile

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.