Q2 2018 EPS Estimates for Saputo Inc. Increased by National Bank Financial (TSE:SAP)
Saputo Inc. (TSE:SAP) – Equities research analysts at National Bank Financial boosted their Q2 2018 earnings per share estimates for Saputo in a research report issued on Tuesday. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings of $0.54 per share for the quarter, up from their prior forecast of $0.53. National Bank Financial currently has a “Sector Perform” rating and a $47.00 price target on the stock. National Bank Financial also issued estimates for Saputo’s FY2018 earnings at $2.06 EPS, Q1 2019 earnings at $0.59 EPS and FY2019 earnings at $2.28 EPS.
Saputo (TSE:SAP) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.92 billion. Saputo had a net margin of 6.07% and a return on equity of 15.26%. COPYRIGHT VIOLATION NOTICE: “Q2 2018 EPS Estimates for Saputo Inc. Increased by National Bank Financial (TSE:SAP)” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/05/q2-2018-eps-estimates-for-saputo-inc-increased-by-national-bank-financial-tsesap.html.
Other research analysts have also recently issued research reports about the company. CIBC lowered their target price on Saputo from C$54.00 to C$51.00 in a research note on Friday, June 2nd. Desjardins upgraded Saputo from a “hold” rating to a “buy” rating and set a C$47.00 target price for the company in a research note on Friday, June 2nd. TD Securities upgraded Saputo from a “hold” rating to a “buy” rating and raised their target price for the company from C$48.00 to C$49.00 in a research note on Wednesday. BMO Capital Markets restated a “market perform” rating and issued a C$48.00 target price on shares of Saputo in a research note on Thursday, April 13th. Finally, Royal Bank Of Canada upgraded Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 target price for the company in a research note on Wednesday, July 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Saputo presently has a consensus rating of “Buy” and a consensus price target of C$49.29.
Saputo (SAP) traded down 0.11% during midday trading on Friday, hitting $43.64. The stock had a trading volume of 370,936 shares. The firm’s 50-day moving average price is $41.52 and its 200 day moving average price is $44.46. Saputo has a 12 month low of $39.74 and a 12 month high of $48.98. The company has a market cap of $16.85 billion and a P/E ratio of 22.85.
In related news, Director Diane Nyisztor acquired 1,000 shares of Saputo stock in a transaction that occurred on Wednesday, June 14th. The stock was bought at an average price of C$41.93 per share, with a total value of C$41,930.00. In the last ninety days, insiders have purchased 2,190 shares of company stock valued at $93,037.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Thursday, August 31st. This is a positive change from Saputo’s previous quarterly dividend of $0.15.
Saputo Inc produces, markets, and distributes various dairy products in Canada, the United States, Argentina, and Australia. It offers a range of cheese products, such as mozzarella, American-style, specialty cheeses, cheddar, fine cheeses, and other cheeses; butter; and dairy and non-dairy extended shelf-life products, including cream and creamers, ice cream mixes, whipping creams, aerosol whipped toppings, iced coffee, and value-added milks, as well as cultured products, such as sour cream and cottage cheese.
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