Q4 2022 Earnings Forecast for Saputo Inc. (TSE:SAP) Issued By National Bank Financial

Saputo Inc. (TSE:SAPGet Rating) – Research analysts at National Bank Financial lowered their Q4 2022 earnings per share estimates for Saputo in a research note issued to investors on Wednesday, May 18th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $0.22 for the quarter, down from their previous estimate of $0.39. National Bank Financial has a “Outperform Market Weight” rating on the stock.

A number of other brokerages have also weighed in on SAP. Royal Bank of Canada lowered their price target on shares of Saputo from C$37.00 to C$35.00 and set an “outperform” rating for the company in a report on Thursday, April 28th. Scotiabank raised their price target on shares of Saputo from C$36.00 to C$38.00 in a report on Friday, February 11th. CIBC reduced their price objective on shares of Saputo from C$38.00 to C$36.00 and set an “outperform” rating on the stock in a research note on Friday, February 11th. Finally, National Bankshares reduced their price objective on shares of Saputo from C$33.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Thursday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Saputo currently has a consensus rating of “Buy” and a consensus target price of C$36.56.

TSE SAP opened at C$25.13 on Monday. The firm has a market cap of C$10.47 billion and a price-to-earnings ratio of 30.65. The company has a 50 day moving average of C$28.85 and a 200-day moving average of C$29.21. The company has a current ratio of 1.59, a quick ratio of 0.60 and a debt-to-equity ratio of 64.40. Saputo has a 1-year low of C$24.86 and a 1-year high of C$42.42.

The business also recently announced a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Friday, March 18th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Monday, March 7th. Saputo’s payout ratio is 86.59%.

Saputo Company Profile (Get Rating)

Saputo Inc, through its subsidiaries, produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.

See Also

Earnings History and Estimates for Saputo (TSE:SAP)

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