National Bank Financial Lifts Earnings Estimates for Winpak

Winpak Ltd. (TSE:WPK - Free Report) - Stock analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Winpak in a research note issued on Sunday, February 2nd. National Bank Financial analyst A. Abdullah now expects that the company will earn $3.47 per share for the year, up from their prior forecast of $3.42. 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 $0.94 EPS, FY2025 earnings at $3.63 EPS and FY2026 earnings at $3.86 EPS.

A number of other research firms have also recently issued reports on WPK. BMO Capital Markets lifted their price target on Winpak from C$50.00 to C$52.00 in a report on Friday, October 25th. CIBC boosted their target price on shares of Winpak from C$53.00 to C$54.00 in a research note on Monday, October 28th.

Winpak Price Performance

Winpak stock traded up C$0.15 on Tuesday, reaching C$42.40. The company's stock had a trading volume of 80,892 shares, compared to its average volume of 80,284. The business's fifty day moving average price is C$46.54 and its 200 day moving average price is C$46.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.69 and a current ratio of 8.95. The company has a market cap of C$2.67 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 4.44 and a beta of 0.21. Winpak has a twelve month low of C$38.81 and a twelve month high of C$51.16.

Winpak Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, January 2nd. Winpak's dividend payout ratio (DPR) is presently 6.58%.

Winpak Company Profile

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.