Desjardins Brokers Decrease Earnings Estimates for Saputo

Saputo Inc. (TSE:SAP - Free Report) - Analysts at Desjardins lowered their FY2025 EPS estimates for shares of Saputo in a research note issued on Sunday, February 9th. Desjardins analyst C. Li now expects that the company will post earnings per share of $1.52 for the year, down from their previous estimate of $1.62. Desjardins has a "Buy" rating and a $31.00 price objective on the stock. The consensus estimate for Saputo's current full-year earnings is $1.77 per share.

Several other analysts have also weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of Saputo from C$36.00 to C$32.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. Royal Bank of Canada lowered their price objective on shares of Saputo from C$38.00 to C$35.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. CIBC lowered their price objective on shares of Saputo from C$32.00 to C$29.00 in a research note on Monday, February 10th. TD Securities lowered their price objective on shares of Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. Finally, BMO Capital Markets lowered their price objective on shares of Saputo from C$30.00 to C$27.00 and set a "market perform" rating for the company in a research note on Friday, January 10th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Saputo presently has a consensus rating of "Moderate Buy" and a consensus target price of C$31.29.

Saputo Trading Up 0.0 %

Saputo stock traded up C$0.01 during mid-day trading on Wednesday, hitting C$24.33. 723,811 shares of the stock were exchanged, compared to its average volume of 800,840. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. Saputo has a 12 month low of C$22.59 and a 12 month high of C$32.15. The firm's fifty day simple moving average is C$24.44 and its two-hundred day simple moving average is C$27.25. The stock has a market capitalization of C$10.26 billion, a price-to-earnings ratio of -65.14, a PEG ratio of 0.56 and a beta of 0.32.

Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Tuesday, December 10th. Saputo's dividend payout ratio (DPR) is currently -203.48%.

Insider Buying and Selling

In related news, Senior Officer Leanne Cutts purchased 4,000 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average cost of C$26.25 per share, with a total value of C$105,000.00. 40.45% of the stock is owned by insiders.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.