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.

Analyst Ratings Changes

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

Winpak Price Performance

TSE:WPK opened at C$44.30 on Friday. The firm's fifty day simple moving average is C$44.06 and its two-hundred day simple moving average is C$41.62. The company has a current ratio of 6.36, a quick ratio of 4.36 and a debt-to-equity ratio of 1.07. Winpak has a 12-month low of C$34.74 and a 12-month high of C$47.50. The firm has a market capitalization of C$2.88 billion and a P/E ratio of 19.01.

Winpak (TSE:WPK - Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The company reported C$0.66 EPS for the quarter, topping the consensus estimate of C$0.56 by C$0.10. The company had revenue of C$396.00 million for the quarter, compared to analyst estimates of C$354.43 million. Analysts forecast that Winpak will post 2.7843839 EPS for the current fiscal year.

Winpak Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, September 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.27%. Winpak's payout ratio is currently 4.05%.