Equities research analysts predict that SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) will post earnings of $0.02 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for SunOpta’s earnings. SunOpta posted earnings per share of $0.07 in the same quarter last year, which would suggest a negative year over year growth rate of 71.4%. The company is scheduled to announce its next earnings results on Wednesday, November 8th.

On average, analysts expect that SunOpta will report full year earnings of ($0.01) per share for the current financial year. For the next year, analysts expect that the company will post earnings of $0.16 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover SunOpta.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). SunOpta had a negative return on equity of 0.70% and a negative net margin of 3.70%. The company had revenue of $336.45 million during the quarter, compared to analysts’ expectations of $341.18 million. During the same quarter last year, the firm posted $0.05 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis.

A number of equities analysts have commented on STKL shares. Zacks Investment Research cut shares of SunOpta from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub cut shares of SunOpta from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Citigroup Inc. lifted their price objective on shares of SunOpta from $8.00 to $11.50 and gave the stock a “buy” rating in a research note on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $9.30.

In related news, CFO Robert Mckeracher sold 36,533 shares of SunOpta stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $8.41, for a total transaction of $307,242.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO John Ruelle sold 38,361 shares of SunOpta stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $8.75, for a total transaction of $335,658.75. Following the transaction, the chief accounting officer now directly owns 38,361 shares of the company’s stock, valued at $335,658.75. The disclosure for this sale can be found here. 1.88% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in STKL. FMR LLC boosted its stake in shares of SunOpta by 85.1% during the 1st quarter. FMR LLC now owns 3,549,446 shares of the company’s stock worth $24,669,000 after purchasing an additional 1,631,721 shares during the period. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of SunOpta during the 2nd quarter worth about $6,028,000. Blair William & Co. IL purchased a new position in shares of SunOpta during the 2nd quarter worth about $4,565,000. Nicholas Investment Partners LP boosted its stake in shares of SunOpta by 162.7% during the 2nd quarter. Nicholas Investment Partners LP now owns 703,998 shares of the company’s stock worth $7,182,000 after purchasing an additional 436,049 shares during the period. Finally, Brant Point Investment Management LLC purchased a new position in shares of SunOpta during the 1st quarter worth about $2,268,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

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About SunOpta

Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.

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Earnings History and Estimates for SunOpta (NASDAQ:STKL)

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