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Brokers Offer Predictions for SunOpta Inc.’s FY2022 Earnings (NASDAQ:STKL)


SunOpta Inc. (NASDAQ:STKLGet Rating) (TSE:SOY) – Stock analysts at William Blair dropped their FY2022 EPS estimates for SunOpta in a research note issued on Wednesday, May 11th. William Blair analyst J. Andersen now forecasts that the company will post earnings of $0.03 per share for the year, down from their prior estimate of $0.07.

Several other equities analysts have also weighed in on the company. Canaccord Genuity Group reduced their price objective on SunOpta from $15.00 to $12.00 in a research note on Friday, February 25th. StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet raised SunOpta from a “d+” rating to a “c-” rating in a research note on Thursday. Finally, Zacks Investment Research raised SunOpta from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $12.90.

NASDAQ STKL opened at $7.49 on Monday. The firm has a market capitalization of $813.92 million, a P/E ratio of -149.80 and a beta of 1.70. SunOpta has a 1-year low of $4.22 and a 1-year high of $13.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 0.77. The business’s 50-day simple moving average is $5.42 and its 200-day simple moving average is $5.83.

SunOpta (NASDAQ:STKLGet Rating) (TSE:SOY) last posted its quarterly earnings results on Thursday, February 24th. The company reported ($0.01) EPS for the quarter. The business had revenue of $204.23 million during the quarter, compared to analysts’ expectations of $204.15 million. SunOpta had a negative net margin of 0.19% and a positive return on equity of 0.52%. During the same quarter last year, the firm earned ($0.03) EPS.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of SunOpta by 22.0% in the 3rd quarter. BlackRock Inc. now owns 9,222 shares of the company’s stock valued at $82,000 after acquiring an additional 1,663 shares during the last quarter. Trexquant Investment LP increased its holdings in shares of SunOpta by 14.7% in the 3rd quarter. Trexquant Investment LP now owns 13,884 shares of the company’s stock valued at $124,000 after acquiring an additional 1,783 shares during the last quarter. Shell Asset Management Co. increased its holdings in shares of SunOpta by 35.0% in the 4th quarter. Shell Asset Management Co. now owns 8,092 shares of the company’s stock valued at $56,000 after acquiring an additional 2,096 shares during the last quarter. Raymond James & Associates increased its holdings in shares of SunOpta by 22.0% in the 3rd quarter. Raymond James & Associates now owns 12,741 shares of the company’s stock valued at $114,000 after acquiring an additional 2,299 shares during the last quarter. Finally, Ironwood Investment Management LLC increased its holdings in shares of SunOpta by 1.5% in the 1st quarter. Ironwood Investment Management LLC now owns 152,455 shares of the company’s stock valued at $765,000 after acquiring an additional 2,325 shares during the last quarter. Institutional investors own 74.13% of the company’s stock.

In related news, major shareholder Engaged Capital Llc purchased 22,561 shares of SunOpta stock in a transaction that occurred on Wednesday, March 2nd. The shares were purchased at an average cost of $5.21 per share, with a total value of $117,542.81. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.76% of the company’s stock.

About SunOpta (Get Rating)

SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.

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