National Bank Financial Lifts Earnings Estimates for Winpak

Winpak Ltd. (TSE:WPK) – Equities researchers at National Bank Financial increased their Q3 2024 earnings per share estimates for shares of Winpak in a research report issued on Thursday, October 17th. National Bank Financial analyst A. Abdullah now anticipates that the company will post earnings per share of $0.83 for the quarter, up from their prior estimate of $0.82. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Winpak’s current full-year earnings is $3.54 per share. National Bank Financial also issued estimates for Winpak’s FY2024 earnings at $3.28 EPS, FY2025 earnings at $3.48 EPS and FY2026 earnings at $3.69 EPS.

WPK has been the subject of a number of other reports. BMO Capital Markets increased their target price on Winpak from C$46.00 to C$50.00 in a report on Friday, July 26th. CIBC increased their target price on Winpak from C$49.00 to C$51.00 in a report on Friday, July 26th. Finally, National Bankshares set a C$55.00 target price on Winpak and gave the stock an “outperform” rating in a report on Thursday, September 26th.

Winpak Trading Down 0.6 %

Shares of WPK opened at C$46.93 on Monday. Winpak has a 1 year low of C$36.95 and a 1 year high of C$48.74. The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82. The stock has a 50 day simple moving average of C$45.75 and a 200-day simple moving average of C$44.63. The stock has a market cap of C$2.96 billion, a PE ratio of 15.44, a PEG ratio of 4.44 and a beta of 0.21.

Winpak (TSE:WPK) last issued its earnings results on Thursday, July 25th. The company reported C$0.83 earnings per share (EPS) for the quarter. Winpak had a return on equity of 10.62% and a net margin of 12.90%. The business had revenue of C$387.89 million during the quarter.

Winpak Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.43%. This is a boost from Winpak’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, October 1st. Winpak’s dividend payout ratio (DPR) is currently 6.58%.

Winpak Company Profile

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.