National Bank Financial Forecasts Higher Earnings for Winpak

Winpak Ltd. (TSE:WPK) – Equities research analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for Winpak in a note issued to investors on Thursday, December 12th. National Bank Financial analyst A. Abdullah now anticipates that the company will earn $3.42 per share for the year, up from their previous estimate of $3.33. 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 Q4 2024 earnings at $0.92 EPS, FY2025 earnings at $3.56 EPS and FY2026 earnings at $3.79 EPS.

A number of other brokerages also recently weighed in on WPK. CIBC raised their price objective on Winpak from C$53.00 to C$54.00 in a research note on Monday, October 28th. National Bankshares set a C$55.00 target price on shares of Winpak and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, BMO Capital Markets upped their price target on Winpak from C$50.00 to C$52.00 in a report on Friday, October 25th.

Winpak Stock Down 0.9 %

Winpak stock opened at C$48.16 on Monday. The firm has a market cap of C$3.04 billion, a PE ratio of 15.84, a P/E/G ratio of 4.44 and a beta of 0.21. Winpak has a twelve month low of C$38.81 and a twelve month high of C$51.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.69 and a current ratio of 8.95. The firm’s 50 day moving average price is C$48.58 and its two-hundred day moving average price is C$46.38.

Winpak Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were paid a dividend of $0.05 per share. This is a boost from Winpak’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Tuesday, October 1st. Winpak’s dividend payout ratio is 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.