Winpak FY2024 EPS Estimate Raised by National Bank Financial

Winpak Ltd. (TSE:WPK) – Investment analysts at National Bank Financial lifted their FY2024 EPS estimates for shares of Winpak in a note issued to investors on Thursday, December 12th. National Bank Financial analyst A. Abdullah now anticipates that the company will earn $3.42 per share for the year, up from their prior estimate of $3.33. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Winpak’s current full-year earnings is $3.54 per share. National Bank Financial also issued estimates for Winpak’s Q4 2024 earnings at $0.92 EPS, FY2025 earnings at $3.56 EPS and FY2026 earnings at $3.79 EPS.

WPK has been the topic of several other reports. CIBC increased their target price on Winpak from C$53.00 to C$54.00 in a report on Monday, October 28th. BMO Capital Markets raised their target price on shares of Winpak from C$50.00 to C$52.00 in a report on Friday, October 25th. Finally, National Bankshares set a C$55.00 price target on shares of Winpak and gave the stock an “outperform” rating in a report on Thursday, September 26th.

Winpak Price Performance

TSE:WPK opened at C$49.42 on Monday. Winpak has a 52 week low of C$38.11 and a 52 week high of C$51.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.69 and a current ratio of 8.95. The firm’s 50-day simple moving average is C$48.48 and its 200 day simple moving average is C$46.28. The firm has a market cap of C$3.12 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 4.44 and a beta of 0.21.

Winpak Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were paid a $0.05 dividend. This is an increase from Winpak’s previous quarterly dividend of $0.03. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Tuesday, October 1st. Winpak’s dividend payout ratio (DPR) is presently 6.58%.

About Winpak

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.