Saputo (SAP) Set to Announce Quarterly Earnings on Thursday

Saputo (TSE:SAP) will be announcing its earnings results after the market closes on Thursday, February 1st. Analysts expect the company to announce earnings of C$0.53 per share for the quarter.

Saputo (TSE:SAP) last released its earnings results on Thursday, November 2nd. The company reported C$0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.53 by C($0.06). Saputo had a net margin of 6.42% and a return on equity of 17.20%.

Shares of Saputo (TSE:SAP) opened at C$42.39 on Tuesday. The company has a market capitalization of $16,460.00, a price-to-earnings ratio of 22.43 and a beta of 0.02. Saputo has a 52 week low of C$39.74 and a 52 week high of C$48.33.

In other news, Director Paul Corney sold 2,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of C$44.00, for a total value of C$88,000.00.

Several equities research analysts have recently commented on SAP shares. Desjardins raised Saputo from a “hold” rating to a “buy” rating in a research note on Thursday, December 28th. Scotiabank lowered their target price on Saputo from C$58.00 to C$57.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. National Bank Financial lowered their target price on Saputo from C$50.00 to C$49.00 and set a “sector perform” rating for the company in a research note on Sunday, November 5th. TD Securities lifted their target price on Saputo from C$49.00 to C$52.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$47.00 target price on shares of Saputo in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Saputo currently has a consensus rating of “Buy” and a consensus price target of C$50.14.

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Saputo Company Profile

Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).

Earnings History for Saputo (TSE:SAP)

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