National Bank Financial Weighs in on Winpak Ltd.’s Q3 2024 Earnings (TSE:WPK)

Winpak Ltd. (TSE:WPK) – Analysts at National Bank Financial issued their Q3 2024 EPS estimates for shares of Winpak in a research report issued to clients and investors on Wednesday, September 25th. National Bank Financial analyst A. Abdullah forecasts that the company will post earnings of $0.82 per share for the quarter. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Winpak’s current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Winpak’s Q4 2024 earnings at $0.88 EPS, FY2024 earnings at $3.25 EPS, FY2025 earnings at $3.46 EPS and FY2026 earnings at $3.66 EPS.

A number of other research analysts have also issued reports on WPK. National Bankshares set a C$55.00 target price on shares of Winpak and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets upped their target price on shares of Winpak from C$46.00 to C$50.00 in a report on Friday, July 26th. Finally, CIBC upped their target price on shares of Winpak from C$49.00 to C$51.00 in a report on Friday, July 26th.

Winpak Price Performance

TSE:WPK opened at C$46.60 on Monday. The firm has a market cap of C$2.94 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 4.44 and a beta of 0.20. 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’s 50-day moving average is C$45.74 and its two-hundred day moving average is C$43.97. Winpak has a 12-month low of C$36.95 and a 12-month high of C$48.74.

Winpak (TSE:WPK) last released its quarterly earnings data on Thursday, July 25th. The company reported C$0.83 EPS for the quarter. Winpak had a net margin of 12.90% and a return on equity of 10.62%. The business had revenue of C$387.89 million for the quarter.

Winpak Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.43%. This is an increase from Winpak’s previous quarterly dividend of $0.03. Winpak’s dividend payout ratio is currently 6.69%.

Winpak Company Profile

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.