Saputo (SAP) Set to Announce Earnings on Thursday

Saputo (TSE:SAP) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Saputo to post earnings of C$0.39 per share for the quarter.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.39 earnings per share for the quarter, topping the consensus estimate of C$0.37 by C$0.02. Saputo had a net margin of 1.50% and a return on equity of 3.72%. The business had revenue of C$4.61 billion during the quarter, compared to analysts’ expectations of C$4.44 billion.

Saputo Price Performance

SAP stock opened at C$26.80 on Wednesday. The company’s 50-day moving average price is C$28.68 and its two-hundred day moving average price is C$29.01. The firm has a market cap of C$11.37 billion, a P/E ratio of 42.54, a P/E/G ratio of 0.56 and a beta of 0.32. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17. Saputo has a 12 month low of C$25.28 and a 12 month high of C$32.15.

Saputo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 20th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.84%. This is a boost from Saputo’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, September 10th. Saputo’s dividend payout ratio (DPR) is 120.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SAP shares. National Bankshares reduced their target price on Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. CIBC dropped their price objective on Saputo from C$37.00 to C$35.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Royal Bank of Canada lowered their target price on Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. Finally, BMO Capital Markets downgraded shares of Saputo from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$35.00 to C$30.00 in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Saputo has a consensus rating of “Moderate Buy” and an average price target of C$34.64.

Insider Buying and Selling at Saputo

In other Saputo news, Senior Officer Martin Gagnon bought 2,000 shares of Saputo stock in a transaction on Tuesday, August 20th. The shares were purchased at an average cost of C$29.73 per share, with a total value of C$59,450.00. In related news, Senior Officer Carl Colizza purchased 6,800 shares of Saputo stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of C$29.43 per share, for a total transaction of C$200,124.00. Also, Senior Officer Martin Gagnon acquired 2,000 shares of the stock in a transaction dated Tuesday, August 20th. The shares were bought at an average price of C$29.73 per share, with a total value of C$59,450.00. Corporate insiders own 40.45% of the company’s stock.

Saputo Company Profile

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.