SunOpta, Inc. Forecasted to Post FY2017 Earnings of ($0.09) Per Share (STKL)

SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) – Stock analysts at William Blair decreased their FY2017 earnings per share (EPS) estimates for shares of SunOpta in a note issued to investors on Wednesday. William Blair analyst J. Andersen now forecasts that the company will post earnings per share of ($0.09) for the year, down from their prior forecast of ($0.01). William Blair also issued estimates for SunOpta’s Q4 2017 earnings at ($0.05) EPS and FY2018 earnings at $0.06 EPS.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its earnings results on Wednesday, November 8th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.04). The business had revenue of $320.71 million during the quarter, compared to analyst estimates of $335.68 million. SunOpta had a negative return on equity of 2.98% and a negative net margin of 3.99%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. COPYRIGHT VIOLATION NOTICE: This report was published by Stock Observer and is the sole property of of Stock Observer. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.thestockobserver.com/2017/11/15/sunopta-inc-forecasted-to-post-fy2017-earnings-of-0-09-per-share-stkl.html.

Several other brokerages have also recently commented on STKL. Zacks Investment Research cut SunOpta from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub cut SunOpta from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $9.50.

Shares of SunOpta (NASDAQ:STKL) opened at $7.40 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.45 and a current ratio of 1.32. SunOpta has a 12-month low of $6.00 and a 12-month high of $10.20.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in SunOpta by 39.1% during the third quarter. Janus Henderson Group PLC now owns 69,988 shares of the company’s stock valued at $609,000 after purchasing an additional 19,691 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in SunOpta by 21.0% during the third quarter. Alyeska Investment Group L.P. now owns 2,197,138 shares of the company’s stock valued at $19,115,000 after purchasing an additional 381,000 shares during the last quarter. Nicholas Investment Partners LP boosted its position in SunOpta by 48.6% during the third quarter. Nicholas Investment Partners LP now owns 1,046,417 shares of the company’s stock valued at $9,104,000 after purchasing an additional 342,419 shares during the last quarter. JPMorgan Chase & Co. boosted its position in SunOpta by 34.3% during the third quarter. JPMorgan Chase & Co. now owns 30,537 shares of the company’s stock valued at $258,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC acquired a new stake in SunOpta during the third quarter valued at $157,000. 79.22% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Richard Dean Hollis acquired 10,000 shares of SunOpta stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $7.65 per share, with a total value of $76,500.00. Following the completion of the transaction, the director now owns 73,745 shares in the company, valued at $564,149.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO John Ruelle sold 38,361 shares of SunOpta stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $8.75, for a total value of $335,658.75. Following the sale, the chief accounting officer now directly owns 38,361 shares of the company’s stock, valued at approximately $335,658.75. The disclosure for this sale can be found here. 1.88% of the stock is currently owned by company insiders.

SunOpta Company Profile

Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.

Earnings History and Estimates for SunOpta (NASDAQ:STKL)

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