William Blair Weighs in on SunOpta, Inc.’s Q3 2017 Earnings (STKL)
SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) – Investment analysts at William Blair issued their Q3 2017 earnings per share (EPS) estimates for shares of SunOpta in a report issued on Wednesday. William Blair analyst J. Andersen expects that the company will post earnings of $0.02 per share for the quarter. William Blair also issued estimates for SunOpta’s Q4 2017 earnings at ($0.01) EPS and FY2017 earnings at ($0.01) EPS.
SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, August 9th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by $0.02. The business had revenue of $336.45 million for the quarter, compared to the consensus estimate of $341.18 million. SunOpta had a negative return on equity of 0.69% and a negative net margin of 3.70%. SunOpta’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. TRADEMARK VIOLATION NOTICE: “William Blair Weighs in on SunOpta, Inc.’s Q3 2017 Earnings (STKL)” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/william-blair-weighs-in-on-sunopta-inc-s-q3-2017-earnings-stkl/1472534.html.
Several other equities analysts have also issued reports on STKL. BidaskClub lowered SunOpta from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research lowered SunOpta from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. BMO Capital Markets reiterated a “buy” rating and issued a $8.50 price target on shares of SunOpta in a research note on Wednesday, April 26th. Finally, Citigroup Inc. lifted their price target on SunOpta from $8.00 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, May 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. SunOpta has a consensus rating of “Hold” and a consensus price target of $9.30.
Shares of SunOpta (STKL) opened at 8.60 on Friday. The company’s market cap is $739.69 million. The stock’s 50 day moving average price is $9.67 and its 200 day moving average price is $8.17. SunOpta has a one year low of $5.73 and a one year high of $10.20.
In other news, insider Jeffrey Gough acquired 15,000 shares of SunOpta stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average price of $8.49 per share, for a total transaction of $127,350.00. Following the transaction, the insider now directly owns 6,600 shares of the company’s stock, valued at approximately $56,034. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Duchscher acquired 5,800 shares of SunOpta stock in a transaction that occurred on Friday, May 19th. The shares were purchased at an average price of $8.94 per share, for a total transaction of $51,852.00. Following the transaction, the insider now directly owns 5,800 shares in the company, valued at $51,852. The disclosure for this purchase can be found here. Insiders own 1.88% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Karp Capital Management Corp bought a new position in shares of SunOpta during the first quarter valued at approximately $364,000. Gamco Investors INC. ET AL increased its position in shares of SunOpta by 13.0% in the first quarter. Gamco Investors INC. ET AL now owns 27,000 shares of the company’s stock valued at $188,000 after buying an additional 3,100 shares during the last quarter. Teton Advisors Inc. increased its position in shares of SunOpta by 3.9% in the first quarter. Teton Advisors Inc. now owns 311,664 shares of the company’s stock valued at $2,166,000 after buying an additional 11,664 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of SunOpta by 2.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,883,209 shares of the company’s stock valued at $13,077,000 after buying an additional 42,151 shares during the last quarter. Finally, Pictet Asset Management Ltd. bought a new position in shares of SunOpta during the first quarter valued at approximately $3,717,000. Institutional investors and hedge funds own 87.41% of the company’s stock.
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.
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