SunOpta (STKL) to Release Quarterly Earnings on Tuesday

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY is set to announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. SunOpta has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last released its earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $171.00 million during the quarter, compared to the consensus estimate of $159.95 million. SunOpta had a positive return on equity of 6.51% and a negative net margin of 23.23%. SunOpta's revenue was down 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) EPS. On average, analysts expect SunOpta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SunOpta Stock Down 0.2 %

Shares of STKL traded down $0.01 during mid-day trading on Tuesday, hitting $5.97. 318,728 shares of the company's stock were exchanged, compared to its average volume of 798,475. The stock's 50-day moving average is $6.21 and its 200-day moving average is $5.85. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.61 and a current ratio of 1.27. SunOpta has a fifty-two week low of $3.77 and a fifty-two week high of $7.59. The company has a market cap of $712.45 million, a price-to-earnings ratio of -3.93 and a beta of 1.83.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. DA Davidson reissued a "buy" rating and issued a $9.00 price target on shares of SunOpta in a research report on Thursday, October 10th. StockNews.com upgraded SunOpta from a "sell" rating to a "hold" rating in a research note on Thursday, October 10th.

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.