Research Analysts Issue Forecasts for Saputo Inc.’s Q2 2024 Earnings (TSE:SAP)

Posted by on Jun 15th, 2023

Saputo Inc. (TSE:SAP – Get Rating) – Investment analysts at Desjardins issued their Q2 2024 EPS estimates for Saputo in a research report issued to clients and investors on Monday, June 12th. Desjardins analyst C. Li anticipates that the company will post earnings per share of $0.36 for the quarter. The consensus estimate for Saputo’s current full-year earnings is $2.02 per share. Desjardins also issued estimates for Saputo’s FY2024 earnings at $1.71 EPS and FY2025 earnings at $2.05 EPS.

A number of other analysts have also recently commented on SAP. TD Securities dropped their target price on shares of Saputo from C$46.00 to C$42.00 and set a “buy” rating on the stock in a report on Monday. Royal Bank of Canada lowered their price target on Saputo from C$46.00 to C$40.00 and set an “outperform” rating for the company in a research report on Monday. BMO Capital Markets lowered their price target on Saputo from C$43.00 to C$37.00 in a research report on Monday. National Bankshares lowered their price target on Saputo from C$43.00 to C$37.00 and set an “outperform” rating for the company in a research report on Monday. Finally, CIBC decreased their target price on Saputo from C$43.00 to C$38.00 in a research report on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Saputo has an average rating of “Moderate Buy” and an average target price of C$38.71.

Saputo Stock Performance

TSE:SAP opened at C$31.27 on Wednesday. The stock has a market cap of C$13.18 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43. The firm’s fifty day simple moving average is C$34.87 and its 200 day simple moving average is C$34.92. Saputo has a twelve month low of C$26.80 and a twelve month high of C$37.50. The company has a quick ratio of 0.67, a current ratio of 1.66 and a debt-to-equity ratio of 57.49.

Saputo (TSE:SAP – Get Rating) last posted its quarterly earnings results on Thursday, June 8th. The company reported C$0.47 EPS for the quarter, topping the consensus estimate of C$0.42 by C$0.05. The business had revenue of C$4.47 billion for the quarter, compared to analysts’ expectations of C$4.34 billion.

Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 27th. Investors of record on Tuesday, June 20th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, June 16th. This represents a $0.72 annualized dividend and a yield of 2.30%. Saputo’s payout ratio is presently 48.65%.

About Saputo

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Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.

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Earnings History and Estimates for Saputo (TSE:SAP)

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