Posted by admin on Aug 12th, 2022
Shares of Winpak Ltd. (TSE:WPK – Get Rating) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$41.35 and traded as high as C$45.10. Winpak shares last traded at C$45.09, with a volume of 16,712 shares traded.
A number of brokerages recently commented on WPK. CIBC lifted their price objective on Winpak from C$44.00 to C$46.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 27th. Scotiabank lifted their price objective on Winpak from C$54.00 to C$57.00 in a research report on Friday, July 22nd. Finally, Pi Financial boosted their target price on Winpak from C$49.00 to C$54.00 and gave the stock a “buy” rating in a research report on Friday, July 22nd.
The company has a current ratio of 6.36, a quick ratio of 4.36 and a debt-to-equity ratio of 1.07. The company has a market capitalization of C$2.93 billion and a P/E ratio of 19.27. The business has a 50 day moving average price of C$43.62 and a 200 day moving average price of C$41.35.
Winpak (TSE:WPK – Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The company reported C$0.66 EPS for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.10. The company had revenue of C$396.00 million during the quarter, compared to the consensus estimate of C$354.43 million. Analysts anticipate that Winpak Ltd. will post 2.7799999 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 11th. Investors of record on Monday, October 3rd will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, September 30th. This represents a $0.12 dividend on an annualized basis and a yield of 0.27%. Winpak’s payout ratio is 4.03%.
Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, Mexico, and internationally. The company operates through three segments: Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, and high performance pouch applications; high-barrier films for converting applications; barrier and non-barrier films, including shrink bags for printing, laminating, and bag making applications; and biaxially oriented nylon films for food packaging and industrial applications.
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