Desjardins Has Optimistic Outlook of Saputo Q3 Earnings

Saputo Inc. (TSE:SAP) – Analysts at Desjardins upped their Q3 2026 earnings estimates for Saputo in a report issued on Sunday, November 9th. Desjardins analyst C. Li now forecasts that the company will post earnings per share of $0.55 for the quarter, up from their prior estimate of $0.53. Desjardins has a “Buy” rating and a $36.00 price target on the stock. The consensus estimate for Saputo’s current full-year earnings is $1.77 per share.

Several other equities analysts have also weighed in on SAP. BMO Capital Markets increased their price objective on Saputo from C$34.00 to C$37.00 in a report on Monday. Scotiabank increased their price target on Saputo from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Jefferies Financial Group boosted their price objective on Saputo from C$38.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. National Bankshares upped their price objective on shares of Saputo from C$36.00 to C$38.00 in a report on Monday. Finally, Royal Bank Of Canada lifted their target price on shares of Saputo from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Saputo has a consensus rating of “Moderate Buy” and an average price target of C$38.63.

Saputo Trading Up 1.2%

Shares of SAP stock opened at C$37.36 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68. The firm has a market cap of C$15.32 billion, a P/E ratio of -109.88, a PEG ratio of 0.56 and a beta of 0.07. The company has a 50 day moving average of C$34.07 and a 200-day moving average of C$30.42. Saputo has a 12-month low of C$22.59 and a 12-month high of C$37.39.

Insider Activity at Saputo

In other news, insider Leanne Cutts acquired 4,000 shares of Saputo stock in a transaction that occurred on Friday, August 15th. The stock was bought at an average price of C$32.93 per share, with a total value of C$131,720.00. Following the completion of the purchase, the insider owned 23,500 shares in the company, valued at approximately C$773,855. The trade was a 20.51% increase in their ownership of the stock. Company insiders own 40.45% of the company’s stock.

Saputo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, September 12th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Saputo’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, September 2nd. Saputo’s dividend payout ratio (DPR) is -223.53%.

About Saputo

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight.