Winpak (WIPKF) Projected to Post Quarterly Earnings on Wednesday

Winpak (OTCMKTS:WIPKF) will likely be issuing its results after the market closes on Wednesday, October 21st. Analysts expect the company to post earnings of $0.6360 per share and revenue of $322.97 million for the quarter.

Winpak Stock Performance

Shares of OTCMKTS:WIPKF opened at $31.20 on Monday. Winpak has a 12 month low of $28.63 and a 12 month high of $38.01. The company’s fifty day simple moving average is $31.39 and its 200 day simple moving average is $30.87.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WIPKF. BMO Capital Markets restated a “market perform” rating on shares of Winpak in a report on Monday, July 27th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Winpak in a report on Wednesday. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Winpak Company Profile

Winpak Ltd. is a Canadian manufacturer of packaging materials and packaging machinery for the food, beverage, healthcare and other consumer-product industries. The company develops packaging designed to protect products, extend shelf life and support efficient processing and distribution.

Its product portfolio includes flexible packaging, films, pouches, bags, lidding materials, rigid containers, trays, cups, specialty packaging and closures. Winpak also supplies equipment used in packaging and processing applications, including machinery for filling, sealing and handling packaged products.

Founded in 1977 and headquartered in Winnipeg, Manitoba, Winpak serves customers primarily across North America, with operations and sales activities supporting international markets.