Winpak (TSE:WPK) Releases Quarterly Earnings Results

Winpak (TSE:WPK) released its quarterly earnings data on Thursday. The company reported C$0.81 EPS for the quarter, FiscalAI reports. Winpak had a return on equity of 10.41% and a net margin of 12.01%.The company had revenue of C$417.85 million during the quarter.

Winpak Trading Up 2.1%

TSE WPK opened at C$45.48 on Friday. 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$2.67 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 4.44 and a beta of 0.46. The company’s 50 day moving average is C$42.18 and its two-hundred day moving average is C$44.09.

Winpak Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, July 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, July 2nd. Winpak’s dividend payout ratio is currently 6.53%.

Insider Activity at Winpak

In other Winpak news, insider Scott Mckenzie Taylor bought 1,650 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was purchased at an average price of C$40.36 per share, for a total transaction of C$66,594.00. Following the completion of the transaction, the insider owned 4,400 shares of the company’s stock, valued at C$177,584. This trade represents a 60.00% increase in their position. 57.46% of the stock is owned by insiders.

About Winpak

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.