SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) – Stock analysts at William Blair issued their FY2018 earnings per share (EPS) estimates for shares of SunOpta in a report issued on Wednesday. William Blair analyst J. Andersen forecasts that the company will post earnings per share of $0.16 for the year.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $336.45 million for the quarter, compared to analysts’ expectations of $341.18 million. SunOpta had a positive return on equity of 0.58% and a negative net margin of 3.95%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS.

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Several other analysts have also commented on STKL. BMO Capital Markets reaffirmed a “buy” rating and issued a $8.50 price objective on shares of SunOpta in a report on Wednesday, April 26th. Zacks Investment Research upgraded SunOpta from a “strong sell” rating to a “hold” rating and set a $10.00 target price on the stock in a research report on Friday, May 12th. Citigroup Inc. lifted their target price on SunOpta from $8.00 to $11.50 and gave the company a “buy” rating in a research report on Wednesday, May 31st. Finally, BidaskClub downgraded SunOpta from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. SunOpta presently has an average rating of “Hold” and an average target price of $9.30.

Shares of SunOpta (STKL) traded down 3.35% during mid-day trading on Thursday, reaching $8.65. The company had a trading volume of 293,301 shares. The stock’s market capitalization is $744.00 million. SunOpta has a one year low of $5.73 and a one year high of $10.20. The firm has a 50 day moving average of $9.70 and a 200-day moving average of $8.17.

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of SunOpta by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 207,764 shares of the company’s stock valued at $1,465,000 after buying an additional 2,097 shares during the last quarter. Bank of Montreal Can increased its position in shares of SunOpta by 38.4% in the first quarter. Bank of Montreal Can now owns 1,378,995 shares of the company’s stock valued at $9,583,000 after buying an additional 382,377 shares during the last quarter. Factory Mutual Insurance Co. increased its position in shares of SunOpta by 22.6% in the first quarter. Factory Mutual Insurance Co. now owns 1,987,900 shares of the company’s stock valued at $13,817,000 after buying an additional 366,000 shares during the last quarter. Hollencrest Securities LLC increased its position in shares of SunOpta by 40.0% in the first quarter. Hollencrest Securities LLC now owns 21,000 shares of the company’s stock valued at $146,000 after buying an additional 6,000 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased its position in shares of SunOpta by 21.3% in the first quarter. Essex Investment Management Co. LLC now owns 208,881 shares of the company’s stock valued at $1,452,000 after buying an additional 36,713 shares during the last quarter. Institutional investors and hedge funds own 87.41% of the company’s stock.

In other SunOpta news, insider Robert Duchscher acquired 5,800 shares of the stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of $8.94 per share, for a total transaction of $51,852.00. Following the completion of the transaction, the insider now directly owns 5,800 shares of the company’s stock, valued at $51,852. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director M Shan Atkins acquired 12,500 shares of the stock in a transaction dated Friday, May 12th. The stock was acquired at an average price of $8.02 per share, for a total transaction of $100,250.00. Following the completion of the transaction, the director now directly owns 25,881 shares of the company’s stock, valued at $207,565.62. The disclosure for this purchase can be found here. Insiders have purchased 257,246 shares of company stock worth $2,071,020 over the last quarter. 1.88% of the stock is owned by company insiders.

About SunOpta

Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.

Earnings History and Estimates for SunOpta (NASDAQ:STKL)

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