Saputo Inc. (TSE:SAP) – Equities research analysts at National Bank Financial dropped their Q1 2020 earnings per share estimates for shares of Saputo in a research note issued on Sunday, June 9th, according to Zacks Investment Research. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $0.44 per share for the quarter, down from their previous forecast of $0.56. National Bank Financial currently has a “Sector Perform” rating and a $43.00 price target on the stock. National Bank Financial also issued estimates for Saputo’s Q2 2020 earnings at $0.41 EPS, Q1 2021 earnings at $0.56 EPS, Q2 2021 earnings at $0.52 EPS, Q3 2021 earnings at $0.64 EPS and Q4 2021 earnings at $0.52 EPS.
Several other equities analysts have also issued reports on the company. Royal Bank of Canada reduced their price target on Saputo from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Friday, June 7th. TD Securities dropped their price objective on Saputo from C$47.00 to C$41.00 in a report on Friday, June 7th. BMO Capital Markets lifted their price objective on Saputo from C$44.00 to C$45.00 in a research note on Monday, April 29th. CIBC lowered their price objective on Saputo from C$47.00 to C$43.00 and set a “neutral” rating for the company in a research note on Friday, June 7th. Finally, Desjardins lowered Saputo from a “buy” rating to a “hold” rating in a report on Friday, June 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$44.83.
SAP traded down C$0.01 on Tuesday, hitting C$39.72. 208,989 shares of the company were exchanged, compared to its average volume of 464,242. The stock’s fifty day moving average price is C$42.01. The company has a quick ratio of 0.72, a current ratio of 1.62 and a debt-to-equity ratio of 44.23. Saputo has a 12 month low of C$35.56 and a 12 month high of C$46.41. The company has a market capitalization of $15.35 billion and a PE ratio of 20.58.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 27th were given a $0.165 dividend. The ex-dividend date was Monday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.66%. Saputo’s dividend payout ratio is currently 33.94%.
About Saputo
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.