National Bank Financial Lifts Earnings Estimates for Winpak

Winpak Ltd. (TSE:WPK) – Investment analysts at National Bank Financial lifted their FY2024 earnings estimates for Winpak in a research report issued to clients and investors on Sunday, February 2nd. National Bank Financial analyst A. Abdullah now expects that the company will post earnings per share of $3.47 for the year, up from their prior estimate of $3.42. The consensus estimate for Winpak’s current full-year earnings is $3.54 per share. National Bank Financial also issued estimates for Winpak’s Q4 2024 earnings at $0.94 EPS, FY2025 earnings at $3.63 EPS and FY2026 earnings at $3.86 EPS.

Several other research firms have also commented on WPK. CIBC upped their price objective on Winpak from C$53.00 to C$54.00 in a research note on Monday, October 28th. BMO Capital Markets lifted their price objective on Winpak from C$50.00 to C$52.00 in a research report on Friday, October 25th.

Winpak Stock Up 2.0 %

WPK opened at C$42.84 on Tuesday. The firm’s 50 day simple moving average is C$46.75 and its two-hundred day simple moving average is C$46.76. The company has a market capitalization of C$2.70 billion, a PE ratio of 14.09, a PEG ratio of 4.44 and a beta of 0.21. Winpak has a 1-year low of C$38.81 and a 1-year high of C$51.16. The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82.

Winpak Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.47%. The ex-dividend date was Thursday, January 2nd. Winpak’s dividend payout ratio is currently 6.58%.

About Winpak

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.