Saputo (SAP) Scheduled to Post Earnings on Thursday

Saputo (TSE:SAPGet Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, February 8th. Analysts expect Saputo to post earnings of C$0.37 per share for the quarter.

Saputo (TSE:SAPGet Free Report) last announced its quarterly earnings results on Thursday, November 9th. The company reported C$0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.41 by C$0.02. Saputo had a net margin of 3.61% and a return on equity of 8.99%. The firm had revenue of C$4.32 billion for the quarter, compared to the consensus estimate of C$4.48 billion.

Saputo Trading Up 2.0 %

Shares of Saputo stock opened at C$28.18 on Wednesday. Saputo has a 12-month low of C$25.75 and a 12-month high of C$37.50. The company has a market cap of C$11.93 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 0.21 and a beta of 0.33. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 56.82. The company’s 50-day moving average price is C$27.08 and its 200-day moving average price is C$27.69.

Saputo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 15th were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Monday, December 4th. Saputo’s dividend payout ratio is currently 49.33%.

Analysts Set New Price Targets

A number of research analysts have commented on SAP shares. CIBC reduced their price target on shares of Saputo from C$37.00 to C$36.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 30th. Scotiabank upgraded shares of Saputo from a “sector perform” rating to an “outperform” rating and set a C$31.50 price target on the stock in a research report on Wednesday, January 17th. Royal Bank of Canada reduced their price target on shares of Saputo from C$40.00 to C$36.00 and set an “outperform” rating on the stock in a research report on Friday, February 2nd. TD Securities reduced their price target on shares of Saputo from C$42.00 to C$40.00 and set a “buy” rating on the stock in a research report on Monday, November 13th. Finally, National Bankshares reduced their price target on shares of Saputo from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.31.

Check Out Our Latest Stock Analysis on Saputo

Insiders Place Their Bets

In other news, Director Thomas Atherton bought 7,650 shares of Saputo stock in a transaction that occurred on Wednesday, November 29th. The stock was bought at an average cost of C$25.91 per share, with a total value of C$198,173.25. 42.12% of the stock is owned by insiders.

Saputo Company Profile

(Get Free Report)

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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Earnings History for Saputo (TSE:SAP)

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