SunOpta (NASDAQ:STKL) Posts Quarterly Earnings Results, Meets Estimates

SunOpta (NASDAQ:STKL) (TSE:SOY) issued its quarterly earnings data on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02, Zacks reports. The business had revenue of $176.22 million during the quarter, compared to the consensus estimate of $172.30 million. SunOpta had a positive return on equity of 6.51% and a negative net margin of 23.23%. SunOpta updated its FY 2024 guidance to EPS.

SunOpta Price Performance

Shares of NASDAQ STKL traded up $0.19 during trading on Thursday, hitting $7.45. The company had a trading volume of 892,922 shares, compared to its average volume of 811,939. The company has a market cap of $889.90 million, a P/E ratio of -5.22 and a beta of 1.83. SunOpta has a 52 week low of $3.81 and a 52 week high of $7.59. The business’s 50-day moving average is $6.27 and its 200 day moving average is $5.88. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.61 and a current ratio of 1.27.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on STKL shares. StockNews.com cut SunOpta from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Stephens boosted their target price on SunOpta from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, DA Davidson reissued a “buy” rating and set a $9.00 target price on shares of SunOpta in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, SunOpta has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

About SunOpta

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.