SunOpta (NASDAQ:STKL) (TSE:SOY) released its quarterly earnings data on Tuesday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03), Briefing.com reports. SunOpta had a negative net margin of 3.99% and a negative return on equity of 2.98%. The company had revenue of $292.40 million for the quarter, compared to the consensus estimate of $291.04 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year.
SunOpta (NASDAQ STKL) opened at $7.00 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.32 and a quick ratio of 0.45. SunOpta has a one year low of $6.00 and a one year high of $10.20.
A number of analysts recently issued reports on the company. Zacks Investment Research upgraded SunOpta from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. BidaskClub upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Citigroup decreased their price objective on SunOpta from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. SunOpta currently has an average rating of “Hold” and a consensus price target of $8.88.
Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of SunOpta in the 4th quarter worth about $102,000. Marble Harbor Investment Counsel LLC purchased a new position in shares of SunOpta in the 3rd quarter worth about $157,000. Alliancebernstein L.P. purchased a new position in shares of SunOpta in the 4th quarter worth about $153,000. Two Sigma Securities LLC purchased a new position in shares of SunOpta in the 4th quarter worth about $154,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of SunOpta in the 4th quarter worth about $162,000. Hedge funds and other institutional investors own 79.12% of the company’s stock.
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SunOpta Company Profile
Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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