Q4 2016 EPS Estimates for SunOpta Inc. Reduced by Analyst (STKL)
SunOpta Inc. (NASDAQ:STKL) – Equities research analysts at DA Davidson lowered their Q4 2016 EPS estimates for SunOpta in a research note issued to investors on Monday. DA Davidson analyst E. Gottlieb now forecasts that the firm will post earnings per share of $0.07 for the quarter, down from their previous forecast of $0.09. DA Davidson has a “Buy” rating and a $7.50 price objective on the stock. DA Davidson also issued estimates for SunOpta’s Q1 2017 earnings at $0.10 EPS, Q2 2017 earnings at $0.11 EPS, Q4 2017 earnings at $0.11 EPS and FY2017 earnings at $0.40 EPS.
A number of other brokerages have also recently commented on STKL. TheStreet raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research cut shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Wednesday. Wunderlich started coverage on shares of SunOpta in a research note on Tuesday. They set a “buy” rating and a $10.00 price objective on the stock. Citigroup Inc. raised their price objective on shares of SunOpta from $5.50 to $8.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of SunOpta in a research note on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $8.88.
SunOpta (NASDAQ:STKL) traded up 0.07% on Wednesday, reaching $6.70. 169,844 shares of the company’s stock were exchanged. The firm’s market cap is $573.61 million. SunOpta has a one year low of $3.16 and a one year high of $7.40. The firm has a 50 day moving average price of $6.77 and a 200 day moving average price of $5.40.
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SunOpta (NASDAQ:STKL) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.02. SunOpta had a negative net margin of 3.33% and a positive return on equity of 3.45%. The firm had revenue of $348.10 million for the quarter, compared to the consensus estimate of $361.55 million. During the same quarter last year, the firm earned $0.08 EPS. The company’s revenue was up 25.4% on a year-over-year basis.
A number of large investors have recently made changes to their positions in STKL. Gamco Investors INC. ET AL boosted its stake in shares of SunOpta by 1.0% in the second quarter. Gamco Investors INC. ET AL now owns 29,300 shares of the company’s stock valued at $123,000 after buying an additional 300 shares during the period. Quantum Capital Management boosted its stake in shares of SunOpta by 71.3% in the first quarter. Quantum Capital Management now owns 29,598 shares of the company’s stock valued at $132,000 after buying an additional 12,315 shares during the period. KCG Holdings Inc. boosted its stake in shares of SunOpta by 194.2% in the second quarter. KCG Holdings Inc. now owns 32,962 shares of the company’s stock valued at $138,000 after buying an additional 21,759 shares during the period. Engaged Capital LLC acquired a new stake in shares of SunOpta during the second quarter valued at about $220,000. Finally, A.R.T. Advisors LLC acquired a new stake in shares of SunOpta during the second quarter valued at about $292,000. 77.01% of the stock is currently owned by institutional investors.
SunOpta Company Profile
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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