Saputo Inc. (TSE:SAP – Get Free Report) declared a quarterly dividend on Tuesday, September 10th, Zacks reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.19 per share on Friday, September 20th. This represents a $0.76 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Tuesday, September 10th. This is an increase from Saputo’s previous quarterly dividend of $0.19.
Saputo Price Performance
Shares of TSE:SAP opened at C$29.70 on Friday. The stock has a market capitalization of C$12.60 billion, a P/E ratio of 47.14, a P/E/G ratio of 0.21 and a beta of 0.33. The business has a 50-day moving average of C$30.80 and a two-hundred day moving average of C$28.58. Saputo has a fifty-two week low of C$25.28 and a fifty-two week high of C$32.15. The company has a debt-to-equity ratio of 53.17, a current ratio of 1.59 and a quick ratio of 0.67.
Saputo (TSE:SAP – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.39 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.02. Saputo had a net margin of 1.50% and a return on equity of 3.72%. The business had revenue of C$4.61 billion during the quarter, compared to analysts’ expectations of C$4.44 billion. On average, equities research analysts predict that Saputo will post 1.8075995 EPS for the current fiscal year.
Insider Transactions at Saputo
Wall Street Analyst Weigh In
SAP has been the topic of several research reports. Royal Bank of Canada boosted their price target on Saputo from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. Desjardins upped their target price on Saputo from C$33.00 to C$35.00 and gave the company a “buy” rating in a research note on Monday, June 10th. TD Securities lifted their price target on shares of Saputo from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. BMO Capital Markets increased their price objective on shares of Saputo from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Finally, National Bankshares decreased their target price on shares of Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$35.50.
Check Out Our Latest Stock Report on SAP
About Saputo
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.
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