FY2018 EPS Estimates for SunOpta, Inc. Decreased by William Blair (STKL)

SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) – Analysts at William Blair cut their FY2018 earnings estimates for SunOpta in a research report issued on Thursday. William Blair analyst J. Andersen now expects that the company will post earnings per share of $0.04 for the year, down from their prior forecast of $0.06.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Wednesday, November 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04). The business had revenue of $320.71 million during the quarter, compared to analyst estimates of $335.68 million. SunOpta had a negative net margin of 3.99% and a negative return on equity of 2.98%. SunOpta’s revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share.

STKL has been the subject of a number of other reports. Zacks Investment Research cut shares of SunOpta from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. BidaskClub upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Citigroup reduced their target price on shares of SunOpta from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, November 20th. One 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. The stock currently has a consensus rating of “Hold” and an average price target of $8.88.

Shares of SunOpta (STKL) opened at $7.85 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.32 and a quick ratio of 0.45. The stock has a market cap of $680.65, a P/E ratio of -11.38 and a beta of 1.66. SunOpta has a one year low of $6.00 and a one year high of $10.20.

Several large investors have recently added to or reduced their stakes in STKL. Bank of New York Mellon Corp raised its position in shares of SunOpta by 96.1% in the second quarter. Bank of New York Mellon Corp now owns 145,462 shares of the company’s stock valued at $1,483,000 after purchasing an additional 71,266 shares during the period. JPMorgan Chase & Co. bought a new position in shares of SunOpta in the second quarter valued at approximately $232,000. Alliancebernstein L.P. bought a new position in shares of SunOpta in the second quarter valued at approximately $351,000. New York State Common Retirement Fund raised its position in shares of SunOpta by 94.0% in the second quarter. New York State Common Retirement Fund now owns 48,171 shares of the company’s stock valued at $491,000 after purchasing an additional 23,345 shares during the period. Finally, FMR LLC raised its position in shares of SunOpta by 7.3% in the second quarter. FMR LLC now owns 3,808,406 shares of the company’s stock valued at $38,845,000 after purchasing an additional 258,960 shares during the period. 78.60% of the stock is currently owned by institutional investors.

In other news, Director Richard Dean Hollis purchased 10,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $7.65 per share, with a total value of $76,500.00. Following the completion of the transaction, the director now directly owns 73,745 shares in the company, valued at approximately $564,149.25. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Oaktree Huntington Investment purchased 644,540 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was purchased at an average cost of $7.50 per share, for a total transaction of $4,834,050.00. The disclosure for this purchase can be found here. 1.88% of the stock is owned by insiders.

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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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