National Bank Financial Lifts Earnings Estimates for Winpak

Winpak Ltd. (TSE:WPK) – Equities researchers at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Winpak in a research report issued on Thursday, December 12th. National Bank Financial analyst A. Abdullah now expects that the company will post earnings of $3.42 per share for the year, up from their previous forecast of $3.33. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Winpak’s current full-year earnings is $3.54 per share. National Bank Financial also issued estimates for Winpak’s Q4 2024 earnings at $0.92 EPS, FY2025 earnings at $3.56 EPS and FY2026 earnings at $3.79 EPS.

A number of other equities research analysts also recently weighed in on WPK. CIBC raised their target price on shares of Winpak from C$53.00 to C$54.00 in a research note on Monday, October 28th. BMO Capital Markets raised their price objective on shares of Winpak from C$50.00 to C$52.00 in a research report on Friday, October 25th. Finally, National Bankshares set a C$55.00 target price on shares of Winpak and gave the stock an “outperform” rating in a research report on Thursday, September 26th.

Winpak Stock Performance

Shares of WPK opened at C$49.42 on Monday. Winpak has a 12-month low of C$38.11 and a 12-month high of C$51.16. The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82. The company has a market cap of C$3.12 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21. The stock has a 50-day moving average price of C$48.48 and a 200-day moving average price of C$46.28.

Winpak Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were given a dividend of $0.05 per share. This is a boost from Winpak’s previous quarterly dividend of $0.03. This represents a $0.20 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Tuesday, October 1st. Winpak’s dividend payout ratio (DPR) is presently 6.58%.

About Winpak

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.