Winpak - WPK Stock Forecast, Price & News

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, Mexico, and internationally. The company operates through three segments: Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, and high performance pouch applications; high-barrier films for converting applications; barrier and non-barrier films, including shrink bags for printing, laminating, and bag making applications; and biaxially oriented nylon films for food packaging and industrial applications. The Rigid Packaging and Flexible Lidding segment offers portion control and single-serve containers, as well as plastic sheet, custom, and retort trays for food, pet food, beverage, dairy, industrial, and healthcare applications; die-cut, daisy chain, and rollstock lidding products for food, dairy, beverage, industrial, and healthcare applications; and specialized printed packaging solutions for the pharmaceutical, healthcare, nutraceutical, cosmetic, and personal care markets. The Packaging Machinery segment provides horizontal fill/seal machines for preformed containers and vertical form/fill/seal pouch machines for pumpable liquid and semi-liquid, as well as various dry products. The company was incorporated in 1975 and is based in Winnipeg, Canada. Winpak Ltd. is a subsidiary of Wihuri International Oy.

Winpak Stock Performance

TSE:WPK opened at C$45.75 on Friday. Winpak has a 1 year low of C$34.74 and a 1 year high of C$47.50. The firm has a 50 day moving average of C$43.72 and a 200-day moving average of C$41.41. The company has a current ratio of 6.36, a quick ratio of 4.36 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of C$2.97 billion and a P/E ratio of 19.55.

Winpak (TSE:WPK - Get Rating) last released its earnings results on Thursday, July 21st. The company reported C$0.66 EPS for the quarter, topping analysts' consensus estimates of C$0.56 by C$0.10. The business had revenue of C$396.00 million for the quarter, compared to analyst estimates of C$354.43 million. As a group, sell-side analysts anticipate that Winpak will post 2.7799999 EPS for the current fiscal year.

Winpak Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.03 per share. The ex-dividend date is Friday, September 30th. This represents a $0.12 annualized dividend and a yield of 0.26%. Winpak's dividend payout ratio (DPR) is presently 4.03%.

Analyst Ratings Changes

WPK has been the subject of several research analyst reports. CIBC boosted their price objective on Winpak from C$44.00 to C$46.00 and gave the company a "neutral" rating in a report on Wednesday, April 27th. Scotiabank upped their target price on Winpak from C$54.00 to C$57.00 in a research report on Friday, July 22nd. Finally, Pi Financial upped their price target on Winpak from C$49.00 to C$54.00 and gave the company a "buy" rating in a report on Friday, July 22nd.