Brokers Offer Predictions for SunOpta, Inc.’s FY2018 Earnings (SOY)

SunOpta, Inc. (TSE:SOY) (NASDAQ:STKL) – Equities researchers at William Blair cut their FY2018 earnings estimates for SunOpta in a report issued on Thursday. William Blair analyst J. Andersen now forecasts that the company will earn $0.05 per share for the year, down from their previous estimate of $0.08.

SunOpta (TSE SOY) opened at C$9.68 on Monday. SunOpta has a one year low of C$8.05 and a one year high of C$13.53. The firm has a market cap of $862.74, a P/E ratio of -11.66 and a beta of 1.27.

SunOpta (TSE:SOY) (NASDAQ:STKL) last released its quarterly earnings data on Wednesday, November 8th. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.06). SunOpta had a negative net margin of 1.83% and a negative return on equity of 8.92%.

In other news, insider Oaktree Capital Management, L. purchased 3,055,460 shares of the business’s stock in a transaction on Friday, December 15th. The stock was purchased at an average cost of C$7.50 per share, with a total value of C$22,915,950.00.

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About SunOpta

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures and sells food and beverage products in the United States, Canada, Mexico, Europe, China, and Ethiopia. Its Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

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