Saputo (SAPIF) to Release Quarterly Earnings on Thursday

Saputo (OTCMKTS:SAPIF) will likely be posting its results after the market closes on Thursday, August 6th. Analysts expect the company to announce earnings of $0.3150 per share and revenue of $3.0554 billion for the quarter.

Saputo Price Performance

Saputo stock opened at $27.62 on Wednesday. The stock’s 50 day moving average price is $29.49 and its 200 day moving average price is $30.13. Saputo has a one year low of $21.09 and a one year high of $32.49.

Analyst Ratings Changes

SAPIF has been the subject of several recent research reports. Jefferies Financial Group downgraded shares of Saputo to a “hold” rating in a research report on Friday, July 24th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Saputo in a research report on Monday, June 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About Saputo

Saputo Inc, trading on OTC Markets under the symbol SAPIF, is a Canada‐based dairy processor engaged in the manufacturing, marketing and distribution of a broad array of dairy products. The company’s portfolio spans cheese, fluid milk, cultured products such as yogurt and sour cream, and a range of dairy ingredients including whey proteins and lactose. Headquartered in Montreal, Quebec, Saputo serves both retail consumers and foodservice clients, supplying branded and private‐label offerings in North America and beyond.

Founded in 1954 by the Saputo family, the company has grown from a single cheesemaking facility into one of the world’s largest dairy processors.