SunOpta (STKL) Expected to Announce Earnings on Wednesday

SunOpta (NASDAQ:STKL) (TSE:SOY) will likely be posting its results after the market closes on Wednesday, April 1st. Analysts expect SunOpta to post earnings of $0.05 per share and revenue of $217.85 million for the quarter.

SunOpta Price Performance

Shares of STKL opened at $6.47 on Friday. The stock has a market cap of $765.79 million, a P/E ratio of 34.05 and a beta of 1.04. SunOpta has a 1 year low of $3.32 and a 1 year high of $6.94. The stock’s 50-day moving average price is $5.93 and its two-hundred day moving average price is $5.16. The company has a current ratio of 1.18, a quick ratio of 0.61 and a debt-to-equity ratio of 1.27.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on STKL shares. DA Davidson reiterated a “buy” rating and issued a $8.00 price target on shares of SunOpta in a research report on Monday, February 9th. Weiss Ratings restated a “sell (d)” rating on shares of SunOpta in a report on Monday, December 29th. Finally, William Blair lowered shares of SunOpta from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.00.

Institutional Investors Weigh In On SunOpta

Several large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of SunOpta by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,001 shares of the company’s stock valued at $272,000 after purchasing an additional 2,424 shares in the last quarter. Jane Street Group LLC increased its stake in SunOpta by 607.5% during the 1st quarter. Jane Street Group LLC now owns 281,976 shares of the company’s stock worth $1,370,000 after purchasing an additional 242,121 shares in the last quarter. JPMorgan Chase & Co. increased its stake in SunOpta by 236.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 536,893 shares of the company’s stock worth $3,114,000 after purchasing an additional 377,237 shares in the last quarter. Legal & General Group Plc raised its holdings in SunOpta by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 105,664 shares of the company’s stock worth $610,000 after buying an additional 5,674 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in SunOpta during the 2nd quarter worth approximately $73,000. 85.39% of the stock is currently owned by institutional investors.

About SunOpta

SunOpta Inc (NASDAQ: STKL) is a Canada-based company specializing in the sourcing, processing and packaging of organic and non-GMO plant-based foods and beverages. The company’s product portfolio spans a wide range of offerings, including non-dairy beverages such as oat, almond, soy and coconut drinks, fruit and plant-based beverages, and ingredient solutions for food manufacturers and foodservice customers. SunOpta’s integrated supply chain extends from ingredient sourcing and raw material preparation through to finished product formulation and packaging.

SunOpta operates through two primary business segments: Global Beverages and Global Ingredients.