Winpak (TSE:WPK) Releases Quarterly Earnings Results

Winpak (TSE:WPK) issued its quarterly earnings data on Wednesday. The company reported C$0.74 earnings per share (EPS) for the quarter, FiscalAI reports. Winpak had a return on equity of 10.69% and a net margin of 12.20%.The business had revenue of C$389.30 million during the quarter.

Winpak Stock Down 2.1%

Shares of TSE WPK traded down C$0.87 during mid-day trading on Thursday, hitting C$40.16. The company had a trading volume of 103,194 shares, compared to its average volume of 67,263. The company has a market capitalization of C$2.36 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 4.44 and a beta of 0.59. The company has a debt-to-equity ratio of 1.06, a current ratio of 6.34 and a quick ratio of 4.69. Winpak has a 1-year low of C$38.95 and a 1-year high of C$52.24. The business’s 50-day simple moving average is C$45.38 and its 200 day simple moving average is C$44.76.

Winpak Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, April 1st. Winpak’s dividend payout ratio (DPR) is presently 6.40%.

Wall Street Analysts Forecast Growth

WPK has been the subject of several research reports. National Bank Financial boosted their price objective on Winpak from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 25th. BMO Capital Markets boosted their price objective on Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 24th. Finally, Canadian Imperial Bank of Commerce lowered Winpak from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$53.00 to C$52.00 in a research note on Tuesday, February 24th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Winpak has an average rating of “Hold” and an average target price of C$51.00.

Winpak Company Profile

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.