Saputo (SAPIF) Projected to Announce Quarterly Earnings on Thursday

Saputo (OTCMKTS:SAPIF) will likely be posting its results after the market closes on Thursday, November 5th. Analysts expect the company to post earnings of $0.3472 per share and revenue of $2.95 billion for the quarter.

Saputo Stock Up 3.0%

Shares of OTCMKTS SAPIF opened at $29.64 on Tuesday. Saputo has a 1 year low of $24.04 and a 1 year high of $32.49. The stock’s 50-day simple moving average is $28.45 and its 200-day simple moving average is $29.67.

Wall Street Analysts Forecast Growth

SAPIF has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce initiated coverage on Saputo in a research note on Thursday, October 22nd. They issued a “neutral” rating on the stock. Jefferies Financial Group lowered Saputo to a “hold” rating in a research note on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Saputo has a consensus rating of “Moderate Buy”.

About Saputo

Saputo Inc is a Canadian dairy processor and one of the largest dairy companies in the world. Founded in Montreal in 1954 by Lino Saputo, the company produces, distributes and markets a broad range of dairy products for retail, foodservice and industrial customers.

Its product portfolio includes cheese, fluid milk, cream, cultured dairy products, butter, dairy ingredients, milk powders, whey products and other specialty dairy items. Saputo markets products under a range of established regional and international brands, as well as through private-label and business-to-business offerings.

Saputo operates manufacturing facilities and distribution networks across Canada, the United States, Australia, Argentina and the United Kingdom, serving customers in domestic and international markets.