Pi Financial Equities Analysts Raise Earnings Estimates for Winpak Ltd. (TSE:WPK)

Winpak Ltd. (TSE:WPKGet Rating) – Research analysts at Pi Financial increased their Q3 2022 earnings per share (EPS) estimates for Winpak in a report issued on Wednesday, April 27th. Pi Financial analyst B. Jekic now anticipates that the company will post earnings of $0.59 per share for the quarter, up from their prior forecast of $0.58. Pi Financial also issued estimates for Winpak’s Q1 2023 earnings at $0.61 EPS, Q2 2023 earnings at $0.64 EPS, Q3 2023 earnings at $0.65 EPS, Q4 2023 earnings at $0.69 EPS and FY2023 earnings at $2.60 EPS.

Winpak (TSE:WPKGet Rating) last issued its earnings results on Wednesday, March 2nd. The company reported C$0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.40 by C$0.18. The company had revenue of C$351.81 million during the quarter, compared to analyst estimates of C$300.08 million.

Other analysts have also recently issued reports about the company. CIBC upped their target price on Winpak from C$44.00 to C$46.00 and gave the company a “neutral” rating in a research report on Wednesday. Scotiabank increased their price objective on Winpak from C$51.00 to C$54.00 in a report on Wednesday.

Shares of WPK opened at C$42.62 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 7.82 and a quick ratio of 5.82. Winpak has a 1-year low of C$34.74 and a 1-year high of C$43.92. The stock has a market cap of C$2.77 billion and a PE ratio of 20.82. The firm has a fifty day moving average price of C$40.05 and a 200 day moving average price of C$38.44.

The business also recently declared a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Friday, April 8th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.28%. The ex-dividend date was Thursday, March 31st. Winpak’s dividend payout ratio (DPR) is presently 4.64%.

About Winpak (Get Rating)

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.

Further Reading

Earnings History and Estimates for Winpak (TSE:WPK)

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