FY2016 EPS Estimates for SunOpta Inc. (STKL) Decreased by Analyst
SunOpta Inc. (NASDAQ:STKL) – DA Davidson decreased their FY2016 earnings per share estimates for SunOpta in a report released on Monday. DA Davidson analyst E. Gottlieb now expects that the firm will post earnings of $0.22 per share for the year, down from their prior estimate of $0.23. DA Davidson has a “Buy” rating and a $7.50 price objective on the stock. DA Davidson also issued estimates for SunOpta’s Q3 2017 earnings at $0.09 EPS.
SunOpta (NASDAQ:STKL) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by $0.02. The firm had revenue of $348.10 million for the quarter, compared to the consensus estimate of $361.55 million. SunOpta had a negative net margin of 3.33% and a positive return on equity of 3.45%. SunOpta’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 earnings per share.
Other analysts have also issued research reports about the company. Wunderlich began coverage on SunOpta in a report on Tuesday. They set a “buy” rating and a $10.00 price target for the company. Zacks Investment Research lowered SunOpta from a “hold” rating to a “sell” rating in a report on Friday, August 12th. TheStreet raised SunOpta from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. AltaCorp Capital reissued an “outperform” rating on shares of SunOpta in a report on Tuesday, June 21st. Finally, Citigroup Inc. boosted their price target on SunOpta from $5.50 to $8.00 and gave the company a “buy” rating in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $8.88.
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Shares of SunOpta (NASDAQ:STKL) traded up 2.91% during trading on Tuesday, hitting $6.71. The stock had a trading volume of 305,485 shares. The stock has a 50 day moving average of $6.76 and a 200 day moving average of $5.39. The company’s market cap is $574.46 million. SunOpta has a 12 month low of $3.16 and a 12 month high of $7.40.
Institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL increased its stake in SunOpta by 1.0% in the second quarter. Gamco Investors INC. ET AL now owns 29,300 shares of the company’s stock worth $123,000 after buying an additional 300 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in SunOpta by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 196,066 shares of the company’s stock worth $822,000 after buying an additional 1,959 shares in the last quarter. Quantum Capital Management increased its stake in SunOpta by 71.3% in the first quarter. Quantum Capital Management now owns 29,598 shares of the company’s stock worth $132,000 after buying an additional 12,315 shares in the last quarter. KCG Holdings Inc. increased its stake in SunOpta by 194.2% in the second quarter. KCG Holdings Inc. now owns 32,962 shares of the company’s stock worth $138,000 after buying an additional 21,759 shares in the last quarter. Finally, Aperio Group LLC increased its stake in SunOpta by 33.5% in the first quarter. Aperio Group LLC now owns 135,232 shares of the company’s stock worth $603,000 after buying an additional 33,927 shares in the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.
SunOpta Inc operates businesses focused on a healthy products portfolio. The Company operates through two segments: Global Ingredients and Consumer Products. Its Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains and seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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