Saputo Inc. (TSE:SAP) – Research analysts at National Bank Financial dropped their Q3 2020 earnings per share estimates for shares of Saputo in a research note issued to investors on Thursday, January 23rd. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $0.50 per share for the quarter, down from their prior estimate of $0.52. National Bank Financial currently has a “Sector Perform” rating and a $45.00 target price on the stock. National Bank Financial also issued estimates for Saputo’s Q4 2020 earnings at $0.40 EPS, Q1 2021 earnings at $0.51 EPS and Q4 2021 earnings at $0.49 EPS.
A number of other research analysts have also recently issued reports on SAP. Desjardins reissued a “hold” rating on shares of Saputo in a report on Thursday, November 28th. CIBC lifted their price objective on Saputo from C$43.00 to C$44.00 in a report on Friday, November 8th. TD Securities raised Saputo from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$45.00 to C$46.00 in a report on Tuesday, January 14th. Finally, Royal Bank of Canada lifted their price target on Saputo from C$47.00 to C$48.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$45.83.
Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.43 by C$0.04. The company had revenue of C$3.67 billion for the quarter, compared to the consensus estimate of C$3.89 billion.
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.
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