Brokers Set Expectations for Winpak Ltd.’s Q1 2023 Earnings (TSE:WPK)

Winpak Ltd. (TSE:WPK – Get Rating) – Equities researchers at Pi Financial cut their Q1 2023 EPS estimates for shares of Winpak in a research note issued to investors on Wednesday, March 1st. Pi Financial analyst B. Jekic now forecasts that the company will post earnings of $0.61 per share for the quarter, down from their prior forecast of $0.65. The consensus estimate for Winpak’s current full-year earnings is $2.93 per share. Pi Financial also issued estimates for Winpak’s Q2 2023 earnings at $0.73 EPS, Q4 2023 earnings at $0.68 EPS, FY2023 earnings at $2.71 EPS and FY2024 earnings at $2.90 EPS.

Separately, BMO Capital Markets reduced their target price on Winpak from C$52.00 to C$49.00 in a research note on Wednesday.

Winpak Trading Down 3.3 %

WPK opened at C$41.27 on Thursday. The company has a fifty day moving average price of C$41.80 and a two-hundred day moving average price of C$43.09. Winpak has a 1-year low of C$37.86 and a 1-year high of C$48.13. The company has a market cap of C$2.68 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 4.44 and a beta of 0.06. The company has a current ratio of 6.99, a quick ratio of 4.69 and a debt-to-equity ratio of 1.02.

Winpak Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 12th. Investors of record on Monday, April 3rd will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, March 31st. Winpak’s payout ratio is currently 4.55%.

About Winpak

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Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, Mexico, and internationally. The company operates through three segments: Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, and high performance pouch applications; high-barrier films for converting applications; barrier and non-barrier films, including shrink bags for printing, laminating, and bag making applications; and biaxially oriented nylon films for food packaging and industrial applications.