Separately, Royal Bank of Canada set a C$47.00 price target on Winpak and gave the company a sector perform rating in a research report on Saturday, July 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of C$51.50.
TSE:WPK opened at C$46.04 on Friday. Winpak has a 12 month low of C$42.50 and a 12 month high of C$55.97.
Winpak (TSE:WPK) last posted its quarterly earnings data on Thursday, July 26th. The company reported C$0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.52 by C$0.04. Winpak had a return on equity of 13.22% and a net margin of 12.08%. The company had revenue of C$290.64 million during the quarter, compared to analyst estimates of C$290.30 million.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Monday, October 1st will be given a $0.03 dividend. The ex-dividend date of this dividend is Friday, September 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.26%.
In other news, insider Kevin Mathew Byers sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of C$36.31, for a total value of C$79,882.00.
Winpak Company Profile
Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and internationally. The company offers medical packaging products, including thermoforming films, pre-made cups, lidding films, die-cut lids, pouches, central supply room wraps and draping films, and packaging machinery; pharmaceutical packaging products, such as blister foils, pouch stock products, child-resistant blister lidding products, and cold form laminates; and laminations for pouches and lidding applications for personal care products, such as cosmetics, skin creams, and shampoos.
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