SunOpta (STKL) Expected to Announce Earnings on Wednesday

Key Points

• SunOpta is expected to report results after the close on April 1, with analysts forecasting EPS of $0.05 and revenue of $217.85 million.
• Analysts have a consensus Hold rating with an average price target of $8.00 (two Buy, two Hold, one Sell), reflecting mixed analyst views and recent rating changes.
• The stock has a market cap of about $765.8M, a P/E of 34.05, a 52‑week range of $3.32–$6.94, roughly 85% institutional ownership, and a debt/equity ratio of 1.27.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY is expected to release 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

STKL opened at $6.47 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 0.61. The stock has a market capitalization of $765.79 million, a P/E ratio of 34.05 and a beta of 1.04. The company's 50 day simple moving average is $5.93 and its 200-day simple moving average is $5.16. SunOpta has a one year low of $3.32 and a one year high of $6.94.

Institutional Investors Weigh In On SunOpta

A number of institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in SunOpta by 764.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,502 shares of the company's stock worth $26,000 after acquiring an additional 3,981 shares during the period. BNP Paribas Financial Markets raised its position in shares of SunOpta by 65.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company's stock valued at $54,000 after acquiring an additional 3,669 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of SunOpta in the 4th quarter valued at $42,000. Aquatic Capital Management LLC acquired a new position in shares of SunOpta in the 3rd quarter valued at $72,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of SunOpta by 132.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,460 shares of the company's stock worth $72,000 after purchasing an additional 7,101 shares during the last quarter. 85.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on STKL shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of SunOpta in a report on Monday, December 29th. DA Davidson restated a "buy" rating and set a $8.00 target price on shares of SunOpta in a research report on Monday, February 9th. Finally, William Blair lowered SunOpta from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, SunOpta has a consensus rating of "Hold" and an average price target of $8.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.