SunOpta Inc. (TSE:SOY - Free Report) NASDAQ: STKL - William Blair reduced their FY2024 earnings estimates for SunOpta in a note issued to investors on Tuesday, November 5th. William Blair analyst J. Andersen now anticipates that the company will post earnings of $0.15 per share for the year, down from their prior forecast of $0.16. The consensus estimate for SunOpta's current full-year earnings is $0.07 per share.
SunOpta (TSE:SOY - Get Free Report) NASDAQ: STKL last posted its earnings results on Tuesday, November 5th. The company reported C$0.03 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of C$0.03. SunOpta had a negative net margin of 23.23% and a negative return on equity of 2.92%. The company had revenue of C$240.40 million during the quarter, compared to analysts' expectations of C$236.68 million.
SunOpta Price Performance
Shares of SunOpta stock traded down C$0.10 during midday trading on Friday, reaching C$10.23. The company had a trading volume of 34,214 shares, compared to its average volume of 49,315. The company has a current ratio of 1.27, a quick ratio of 0.49 and a debt-to-equity ratio of 244.95. The stock has a fifty day simple moving average of C$8.62 and a 200 day simple moving average of C$8.06. SunOpta has a 1-year low of C$5.26 and a 1-year high of C$10.43. The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of -103.30, a price-to-earnings-growth ratio of 3.16 and a beta of 1.83.
SunOpta Company Profile
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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.
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