Wall Street brokerages expect SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) to post earnings of $0.02 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for SunOpta’s earnings. SunOpta reported earnings of $0.07 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 71.4%. The firm is scheduled to report its next earnings results on Wednesday, November 8th.

According to Zacks, analysts expect that SunOpta will report full year earnings of ($0.01) per share for the current year. For the next financial year, analysts anticipate that the business will report earnings of $0.17 per share. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover SunOpta.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). SunOpta had a negative return on equity of 0.70% and a negative net margin of 3.70%. The business had revenue of $336.45 million during the quarter, compared to the consensus estimate of $341.18 million. During the same quarter last year, the company earned $0.05 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year.

STKL has been the topic of a number of research reports. Zacks Investment Research downgraded SunOpta from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub downgraded SunOpta from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $9.30.

In other SunOpta news, CAO John Ruelle sold 38,361 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $8.75, for a total transaction of $335,658.75. Following the completion of the sale, the chief accounting officer now directly owns 38,361 shares of the company’s stock, valued at approximately $335,658.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey Gough acquired 5,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $8.70 per share, with a total value of $43,500.00. Following the completion of the acquisition, the insider now directly owns 20,000 shares in the company, valued at approximately $174,000. The disclosure for this purchase can be found here. Insiders own 1.88% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Atria Investments LLC bought a new stake in SunOpta during the 2nd quarter worth approximately $104,000. South State Corp bought a new stake in SunOpta during the 2nd quarter worth approximately $110,000. Cookson Peirce & Co. Inc. bought a new stake in SunOpta during the 2nd quarter worth approximately $143,000. Janus Capital Management LLC increased its holdings in SunOpta by 1.4% during the 1st quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock worth $103,000 after purchasing an additional 211 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in SunOpta during the 2nd quarter worth approximately $153,000. 81.94% of the stock is owned by hedge funds and other institutional investors.

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SunOpta (NASDAQ:STKL) traded down 0.270% on Wednesday, hitting $9.225. The company had a trading volume of 21,081 shares. The company’s market capitalization is $797.93 million. SunOpta has a one year low of $5.73 and a one year high of $10.20. The stock’s 50-day moving average price is $8.62 and its 200 day moving average price is $8.66.

SunOpta Company Profile

Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The 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, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.

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Earnings History and Estimates for SunOpta (NASDAQ:STKL)

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