SunOpta (NASDAQ:STKL) Releases Quarterly Earnings Results, Hits Expectations

Posted by Grant Hamersma on Nov 8th, 2024

SunOpta (NASDAQ:STKL – Get Free Report) (TSE:SOY) posted its quarterly earnings data on Tuesday. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02, Zacks reports. The firm had revenue of $176.22 million during the quarter, compared to analyst estimates of $172.30 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. SunOpta updated its FY 2024 guidance to EPS.

SunOpta Trading Up 2.6 %

STKL stock opened at $7.45 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.61 and a current ratio of 1.20. The firm’s fifty day moving average is $6.30 and its 200 day moving average is $5.89. SunOpta has a one year low of $3.81 and a one year high of $7.59.

Analyst Upgrades and Downgrades

Several research firms recently commented on STKL. Stephens boosted their price objective on shares of SunOpta from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday. StockNews.com lowered shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $9.00 price objective on shares of SunOpta in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Read Our Latest Research Report on SunOpta

SunOpta Company Profile

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SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.