Winpak (TSE:WPK) Announces Earnings Results

Winpak (TSE:WPK) announced its quarterly earnings results on Thursday. The company reported C$0.85 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$442.31 million during the quarter. Winpak had a return on equity of 10.41% and a net margin of 12.01%. During the same period last year, the firm earned $0.60 earnings per share.

Winpak Trading Down 3.1%

Shares of Winpak stock opened at C$43.53 on Friday. The company has a fifty day simple moving average of C$43.82 and a 200-day simple moving average of C$42.98. Winpak has a 12-month low of C$38.95 and a 12-month high of C$52.24. The stock has a market cap of C$2.55 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 4.44 and a beta of 0.46.

Winpak Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 9th were issued a $0.05 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. Winpak’s dividend payout ratio is presently 6.24%.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial increased their price objective on Winpak from C$49.00 to C$50.00 and gave the company a “sector perform” rating in a report on Tuesday, October 13th. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$51.33.

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.