Winpak (TSE:WPK) Releases Quarterly Earnings Results

Winpak (TSE:WPK) issued its earnings results on Thursday. The company reported C$0.81 earnings per share (EPS) for the quarter, FiscalAI reports. Winpak had a net margin of 11.93% and a return on equity of 10.32%. The business had revenue of C$417.85 million during the quarter.

Winpak Stock Performance

WPK opened at C$44.55 on Friday. Winpak has a one year low of C$38.95 and a one year high of C$52.24. The stock has a market capitalization of C$2.61 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 4.44 and a beta of 0.46. The business’s 50-day simple moving average is C$42.07 and its 200-day simple moving average is C$44.08.

Winpak Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, July 10th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, July 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.4%. Winpak’s payout ratio is 6.53%.

Insider Activity

In other news, insider Scott Mckenzie Taylor bought 1,650 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was purchased at an average cost of C$40.36 per share, with a total value of C$66,594.00. Following the transaction, the insider directly owned 4,400 shares in the company, valued at C$177,584. This trade represents a 60.00% increase in their ownership of the stock. 57.46% of the stock is currently owned by company insiders.

Winpak Company Profile

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.