SunOpta (NASDAQ:STKL) Posts Quarterly Earnings Results, Hits Estimates

SunOpta (NASDAQ:STKL) (TSE:SOY) released its quarterly earnings data on Wednesday. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11), Fidelity Earnings reports. SunOpta had a negative net margin of 6.93% and a negative return on equity of 14.49%. The firm had revenue of $295.94 million during the quarter, compared to analysts’ expectations of $299.10 million.

NASDAQ STKL traded up $0.28 during trading hours on Friday, hitting $2.58. 915,600 shares of the company’s stock traded hands, compared to its average volume of 483,702. The business’s fifty day moving average price is $1.79 and its two-hundred day moving average price is $2.83. The company has a current ratio of 1.23, a quick ratio of 0.37 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $177.58 million, a P/E ratio of -9.21 and a beta of 0.67. SunOpta has a 52 week low of $1.30 and a 52 week high of $5.56.

In other SunOpta news, insider Robert Duchscher bought 19,310 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of $2.23 per share, for a total transaction of $43,061.30. Following the completion of the transaction, the insider now owns 66,245 shares of the company’s stock, valued at approximately $147,726.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Ennen bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $2.25 per share, with a total value of $225,000.00. The disclosure for this purchase can be found here. Insiders have purchased 284,910 shares of company stock valued at $602,799 over the last 90 days. 1.75% of the stock is currently owned by company insiders.

Several research analysts have recently weighed in on STKL shares. ValuEngine raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Citigroup set a $3.00 price objective on shares of SunOpta and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Zacks Investment Research raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. SunOpta currently has an average rating of “Hold” and a consensus target price of $3.00.

SunOpta Company Profile

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

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Earnings History for SunOpta (NASDAQ:STKL)

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