Desjardins Issues Pessimistic Forecast for Saputo Earnings

Saputo Inc. (TSE:SAP) – Research analysts at Desjardins dropped their FY2025 earnings per share estimates for shares of Saputo in a report issued on Sunday, February 9th. Desjardins analyst C. Li now forecasts that the company will earn $1.52 per share for the year, down from their previous estimate of $1.62. Desjardins currently has a “Buy” rating and a $31.00 target price on the stock. The consensus estimate for Saputo’s current full-year earnings is $1.77 per share.

Several other equities analysts also recently issued reports on the stock. Royal Bank of Canada cut their price objective on shares of Saputo from C$38.00 to C$35.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. National Bankshares cut their price target on shares of Saputo from C$31.00 to C$28.00 in a research note on Wednesday, January 15th. CIBC lowered their price objective on shares of Saputo from C$32.00 to C$29.00 in a research note on Monday. BMO Capital Markets reduced their target price on Saputo from C$30.00 to C$27.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Finally, TD Securities lowered their price target on Saputo from C$38.00 to C$37.00 in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$31.44.

Saputo Trading Down 0.5 %

Saputo stock opened at C$24.02 on Wednesday. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59. The stock has a market cap of C$10.19 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 0.56 and a beta of 0.32. The stock has a 50-day moving average of C$24.68 and a two-hundred day moving average of C$27.40. Saputo has a one year low of C$22.59 and a one year high of C$32.15.

Saputo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were paid a $0.19 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.16%. Saputo’s payout ratio is 120.63%.

Insider Buying and Selling

In other news, Senior Officer Leanne Cutts acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of C$26.25 per share, for a total transaction of C$105,000.00. 40.45% of the stock is owned by corporate insiders.

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.