SunOpta (NASDAQ:STKL) Issues Quarterly Earnings Results

SunOpta (NASDAQ:STKL) (TSE:SOY) announced its quarterly earnings data on Tuesday. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02, Zacks reports. The business had revenue of $176.22 million for the quarter, compared to analyst estimates of $172.30 million. SunOpta had a negative net margin of 23.23% and a positive return on equity of 6.51%. SunOpta updated its FY 2024 guidance to EPS.

SunOpta Price Performance

STKL stock traded up $0.19 during midday trading on Thursday, reaching $7.45. The company had a trading volume of 895,226 shares, compared to its average volume of 811,939. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.27 and a quick ratio of 0.61. SunOpta has a 1 year low of $3.81 and a 1 year high of $7.59. The company has a market capitalization of $889.90 million, a P/E ratio of -5.22 and a beta of 1.83. The firm has a 50-day moving average price of $6.27 and a 200-day moving average price of $5.88.

Analyst Ratings Changes

Several analysts have recently issued reports on STKL shares. Stephens boosted their price target on shares of SunOpta from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $9.00 target price on shares of SunOpta in a report on Thursday, October 10th. Finally, StockNews.com lowered shares of SunOpta from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

SunOpta Company Profile

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.