National Bank Financial Equities Analysts Decrease Earnings Estimates for Saputo Inc. (TSE:SAP)

Saputo Inc. (TSE:SAP) – Equities researchers at National Bank Financial lowered their Q3 2024 earnings estimates for shares of Saputo in a report issued on Sunday, November 12th. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $0.46 per share for the quarter, down from their prior forecast of $0.54. The consensus estimate for Saputo’s current full-year earnings is $1.79 per share. National Bank Financial also issued estimates for Saputo’s Q4 2024 earnings at $0.43 EPS, Q1 2025 earnings at $0.47 EPS and Q3 2025 earnings at $0.56 EPS.

A number of other equities research analysts have also weighed in on the stock. TD Securities reduced their price objective on shares of Saputo from C$42.00 to C$40.00 and set a “buy” rating on the stock in a report on Monday. Desjardins dropped their target price on shares of Saputo from C$35.00 to C$33.00 and set a “buy” rating on the stock in a research report on Monday. Scotiabank dropped their target price on shares of Saputo from C$34.00 to C$31.50 and set a “sector perform” rating on the stock in a research report on Monday. CIBC dropped their target price on shares of Saputo from C$38.00 to C$37.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, BMO Capital Markets dropped their target price on shares of Saputo from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Saputo presently has an average rating of “Moderate Buy” and a consensus target price of C$35.19.

Saputo Price Performance

Shares of SAP opened at C$27.71 on Tuesday. Saputo has a twelve month low of C$26.37 and a twelve month high of C$37.50. The firm’s fifty day simple moving average is C$28.17 and its 200-day simple moving average is C$29.87. The firm has a market capitalization of C$11.71 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 0.21 and a beta of 0.39. The company has a current ratio of 1.64, a quick ratio of 0.67 and a debt-to-equity ratio of 57.68.

Insider Activity at Saputo

In related news, Director Anna Lisa King sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of C$28.35, for a total value of C$56,692.00. In other Saputo news, Director Anna Lisa King sold 2,000 shares of Saputo stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of C$28.35, for a total transaction of C$56,692.00. Also, Director Joe Marsilii bought 5,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average price of C$27.94 per share, with a total value of C$139,700.00. Company insiders own 42.28% of the company’s stock.

Saputo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Monday, December 4th. Saputo’s dividend payout ratio (DPR) is 50.00%.

Saputo Company Profile

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.