FY2024 Earnings Forecast for SunOpta Issued By William Blair

SunOpta Inc. (TSE:SOY) (NASDAQ:STKL) – William Blair decreased their FY2024 earnings per share estimates for SunOpta in a report released on Tuesday, November 5th. William Blair analyst J. Andersen now forecasts that the company will post earnings of $0.15 per share for the year, down from their prior forecast of $0.16. The consensus estimate for SunOpta’s current full-year earnings is $0.07 per share.

SunOpta (TSE:SOY) (NASDAQ:STKL) last released its earnings results on Tuesday, November 5th. The company reported C$0.03 EPS for the quarter, meeting the consensus estimate of C$0.03. The firm had revenue of C$240.40 million during the quarter, compared to analysts’ expectations of C$236.68 million. SunOpta had a negative net margin of 23.23% and a negative return on equity of 2.92%.

SunOpta Stock Down 1.0 %

Shares of SOY opened at C$10.23 on Friday. The company has a debt-to-equity ratio of 244.95, a quick ratio of 0.49 and a current ratio of 1.27. The company has a 50-day simple moving average of C$8.68 and a 200-day simple moving average of C$8.08. SunOpta has a 52 week low of C$5.26 and a 52 week high of C$10.43. The firm has a market capitalization of C$1.20 billion, a P/E ratio of -102.30, a P/E/G ratio of 3.16 and a beta of 1.83.

About SunOpta

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.