Saputo (TSE:SAP) Releases Earnings Results

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

Saputo Trading Up 0.1%

Shares of SAP traded up C$0.04 during trading hours on Thursday, hitting C$41.62. The company had a trading volume of 597,640 shares, compared to its average volume of 883,974. The firm has a market cap 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 stock’s 50 day moving average price is C$39.96 and its 200 day moving average price is C$41.21. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 41.86. Saputo has a 52-week low of C$33.88 and a 52-week high of C$45.09.

Saputo Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Ventum Capital set a C$49.00 target price on Saputo and gave the stock a “buy” rating in a research report on Wednesday, October 21st. National Bank Financial upped their target price on Saputo from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce set a C$45.00 price target on shares of Saputo and gave the company a “hold” rating in a research report on Thursday, October 22nd. Ventum Financial set a C$49.00 price target on shares of Saputo and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group downgraded shares of Saputo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$48.10.

About Saputo

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.