Winpak FY2024 EPS Increased by National Bank Financial

Winpak Ltd. (TSE:WPK - Free Report) - Equities research analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for Winpak in a research note issued on Thursday, October 24th. National Bank Financial analyst A. Abdullah now forecasts that the company will post earnings of $3.33 per share for the year, up from their previous estimate of $3.28. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Winpak's current full-year earnings is $3.54 per share. National Bank Financial also issued estimates for Winpak's Q4 2024 earnings at $0.90 EPS, FY2025 earnings at $3.53 EPS and FY2026 earnings at $3.74 EPS.

Several other equities analysts also recently commented on the stock. BMO Capital Markets upped their price objective on shares of Winpak from C$50.00 to C$52.00 in a report on Friday. National Bankshares set a C$55.00 price objective on shares of Winpak and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Finally, CIBC increased their target price on shares of Winpak from C$53.00 to C$54.00 in a research report on Monday.

Winpak Stock Performance

Shares of WPK stock traded down C$0.18 on Monday, reaching C$49.29. The stock had a trading volume of 71,477 shares, compared to its average volume of 44,599. Winpak has a 12 month low of C$37.71 and a 12 month high of C$49.72. The company has a quick ratio of 4.69, a current ratio of 8.95 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of C$3.11 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 4.44 and a beta of 0.21. The firm's 50-day moving average is C$45.85 and its two-hundred day moving average is C$44.84.

Winpak (TSE:WPK - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported C$0.83 EPS for the quarter. The company had revenue of C$387.89 million during the quarter. Winpak had a return on equity of 10.62% and a net margin of 12.90%.

Winpak Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were issued a dividend of $0.05 per share. This is an increase from Winpak's previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, October 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. Winpak's dividend payout ratio (DPR) is 6.58%.

About Winpak

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.