Saputo (TSE:SAP) Announces Earnings Results

Saputo (TSE:SAP) released its quarterly earnings results on Thursday. The company reported C$0.41 EPS for the quarter, FiscalAI reports. Saputo had a net margin of 3.39% and a return on equity of 9.50%. The business had revenue of C$3.31 billion during the quarter.

Saputo Price Performance

Shares of Saputo stock opened at C$42.70 on Friday. Saputo has a 52-week low of C$25.17 and a 52-week high of C$45.09. The stock has a market capitalization of C$17.30 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 0.56 and a beta of 0.10. The company has a fifty day moving average of C$41.38 and a 200-day moving average of C$41.33. The company has a debt-to-equity ratio of 59.15, a quick ratio of 0.67 and a current ratio of 1.64.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of research reports. Royal Bank Of Canada boosted their price target on shares of Saputo from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Sunday, February 8th. National Bank Financial cut their price target on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Ventum Financial set a C$47.00 price target on shares of Saputo and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. TD Securities boosted their price target on shares of Saputo from C$51.00 to C$52.00 and gave the stock a “buy” rating in a research note on Sunday, February 15th. Finally, BMO Capital Markets boosted their price target on shares of Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research note on Monday, February 9th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$46.11.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.