Saputo Inc. (TSE:SAP – Get Rating) – Research analysts at National Bank Financial lowered their Q4 2024 EPS estimates for shares of Saputo in a report released on Wednesday, May 17th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $0.48 for the quarter, down from their prior forecast of $0.49. The consensus estimate for Saputo’s current full-year earnings is $2.07 per share.
Several other research firms have also recently commented on SAP. Royal Bank of Canada raised their target price on shares of Saputo from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Monday, May 8th. National Bankshares boosted their target price on shares of Saputo from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Monday, February 13th. TD Securities raised their price objective on shares of Saputo from C$44.00 to C$46.00 and gave the company a “buy” rating in a research note on Monday, February 13th. Scotiabank increased their target price on shares of Saputo from C$38.00 to C$39.00 in a report on Monday, February 13th. Finally, CIBC lifted their price objective on Saputo from C$39.00 to C$43.00 and gave the stock an “outperform” rating in a report on Monday, February 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$43.33.
Saputo Stock Up 0.1 %
Saputo Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Tuesday, March 7th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 6th. This represents a $0.72 annualized dividend and a yield of 1.99%. Saputo’s payout ratio is currently 60.00%.
Saputo Inc 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.
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