Saputo Inc. (TSE:SAP – Get Rating) – Research analysts at National Bank Financial decreased their Q3 2024 earnings per share (EPS) estimates for Saputo in a research report issued on Wednesday, May 17th. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $0.59 per share for the quarter, down from their prior forecast of $0.61. The consensus estimate for Saputo’s current full-year earnings is $2.11 per share. National Bank Financial also issued estimates for Saputo’s FY2024 earnings at $2.03 EPS.
Several other equities research analysts also recently weighed in on SAP. Scotiabank raised their price objective on Saputo from C$38.00 to C$39.00 in a report on Monday, February 13th. Royal Bank of Canada raised their price objective on Saputo from C$45.00 to C$46.00 and gave the company an “outperform” rating in a report on Monday, May 8th. National Bankshares raised their price objective on Saputo from C$42.00 to C$43.00 and gave the company an “outperform” rating in a report on Monday, February 13th. TD Securities raised their price objective on Saputo from C$44.00 to C$46.00 and gave the company a “buy” rating in a report on Monday, February 13th. Finally, CIBC raised their target price on Saputo from C$39.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Monday, February 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$43.33.
Saputo Trading Up 0.1 %
Saputo Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Tuesday, March 7th were given a $0.18 dividend. The ex-dividend date was Monday, March 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.99%. Saputo’s dividend payout ratio (DPR) is presently 60.00%.
Saputo Company Profile
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.
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