Saputo (TSE:SAP) Releases Quarterly Earnings Results

by · The Markets Daily

Saputo (TSE:SAP – Get Free Report) posted its quarterly earnings results on Thursday. The company reported C$0.55 EPS for the quarter, FiscalAI reports. Saputo had a net margin of 2.80% and a return on equity of 7.45%. The business had revenue of C$4.26 billion during the quarter.

Saputo Price Performance

TSE SAP opened at C$41.62 on Friday. The firm’s fifty day simple moving average is C$39.96 and its two-hundred day simple moving average is C$41.21. The firm has a market capitalization of C$16.52 billion, a P/E ratio of 33.56, a P/E/G ratio of 0.56 and a beta of 0.16. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 41.86. Saputo has a 12-month low of C$33.88 and a 12-month high of C$45.09.

Saputo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from Saputo’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. Saputo’s dividend payout ratio is currently 64.52%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SAP shares. National Bank Financial lifted their price objective on shares of Saputo from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. TD boosted their price objective on shares of Saputo from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce set a C$45.00 target price on Saputo and gave the stock a “hold” rating in a report on Thursday, October 22nd. Ventum Capital set a C$49.00 target price on Saputo and gave the company a “buy” rating in a research report on Wednesday, October 21st. Finally, Ventum Financial set a C$49.00 target price on Saputo and gave the company a “buy” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$48.10.

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Saputo Company Profile

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Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.

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