Winpak (TSE:WPK) Announces Quarterly Earnings Results

Winpak (TSE:WPK – Get Free Report) announced its earnings results on Thursday. The company reported C$0.81 EPS for the quarter, FiscalAI reports. Winpak had a net margin of 11.93% and a return on equity of 10.32%. The firm had revenue of C$417.85 million for the quarter.

Winpak Stock Up 1.3%

Shares of WPK traded up C$0.56 on Thursday, hitting C$44.85. The company’s stock had a trading volume of 69,643 shares, compared to its average volume of 71,755. Winpak has a fifty-two week low of C$38.95 and a fifty-two week high of C$52.24. The firm’s fifty day moving average price is C$41.99 and its 200-day moving average price is C$44.08. The firm has a market capitalization of C$2.63 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 4.44 and a beta of 0.46.

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Winpak Announces Dividend

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

Insider Transactions at Winpak

In other news, insider Scott Mckenzie Taylor bought 1,650 shares of the stock in a transaction on Monday, May 4th. The stock was acquired at an average price of C$40.36 per share, with a total value of C$66,594.00. Following the acquisition, the insider directly owned 4,400 shares in the company, valued at approximately 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 corporate insiders.

About Winpak

(Get Free Report)

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.

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