Winpak (TSE:WPK) Announces Quarterly Earnings Results

Winpak (TSE:WPK) released its quarterly earnings data on Thursday. The company reported C$0.85 EPS for the quarter, FiscalAI reports. Winpak had a net margin of 12.01% and a return on equity of 10.41%. The business had revenue of C$442.31 million during the quarter. During the same period last year, the company earned $0.60 EPS.

Winpak Trading Up 0.1%

Shares of WPK stock opened at C$43.58 on Friday. The business’s fifty day simple moving average is C$43.80 and its 200-day simple moving average is C$42.98. The company has a market cap of C$2.56 billion, a PE ratio of 18.95, a PEG ratio of 4.44 and a beta of 0.46. Winpak has a 12-month low of C$38.95 and a 12-month high of C$52.24.

Winpak Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, October 9th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, October 1st. Winpak’s payout ratio is 6.24%.

Analyst Ratings Changes

Separately, National Bank Financial increased their price target on Winpak from C$50.00 to C$52.00 and gave the stock a “sector perform” rating in a report on Friday. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$52.00.

Winpak Company Profile

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.