FY2024 EPS Estimates for Saputo Inc. Cut by Analyst (TSE:SAP)

Saputo Inc. (TSE:SAPFree Report) – Equities researchers at National Bank Financial reduced their FY2024 EPS estimates for Saputo in a research report issued on Sunday, February 11th. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $1.58 per share for the year, down from their previous forecast of $1.59. The consensus estimate for Saputo’s current full-year earnings is $1.95 per share. National Bank Financial also issued estimates for Saputo’s Q1 2025 earnings at $0.45 EPS and Q4 2025 earnings at $0.48 EPS.

SAP has been the subject of several other reports. CIBC cut their target price on shares of Saputo from C$36.00 to C$35.00 and set an “outperform” rating for the company in a research note on Monday. BMO Capital Markets reduced their price target on shares of Saputo from C$37.00 to C$34.00 and set an “outperform” rating for the company in a research report on Monday, November 13th. Scotiabank upped their price target on shares of Saputo from C$31.50 to C$32.50 and gave the company an “outperform” rating in a research report on Monday. 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 for the company in a research report on Friday, February 2nd. Finally, TD Securities reduced their price target on shares of Saputo from C$40.00 to C$36.00 and set a “buy” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.81.

View Our Latest Research Report on Saputo

Saputo Stock Up 2.4 %

SAP stock opened at C$28.05 on Tuesday. Saputo has a 12 month low of C$25.75 and a 12 month high of C$37.27. The firm has a market cap of C$11.90 billion, a PE ratio of 35.96, a P/E/G ratio of 0.21 and a beta of 0.36. The firm has a 50 day simple moving average of C$27.21 and a 200 day simple moving average of C$27.69. The company has a debt-to-equity ratio of 56.82, a current ratio of 1.64 and a quick ratio of 0.67.

Insiders Place Their Bets

In related news, Director Thomas Atherton bought 7,650 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was bought at an average price of C$25.91 per share, for a total transaction of C$198,173.25. Insiders own 42.12% of the company’s stock.

Saputo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th will be given a $0.185 dividend. The ex-dividend date is Monday, March 4th. This represents a $0.74 dividend on an annualized basis and a yield of 2.64%. Saputo’s payout ratio is 94.87%.

About Saputo

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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 and Estimates for Saputo (TSE:SAP)

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