National Bank Financial Lifts Earnings Estimates for Winpak

Winpak Ltd. (TSE:WPK) – Equities researchers at National Bank Financial increased their FY2024 earnings estimates for Winpak in a research note issued to investors on Thursday, December 12th. National Bank Financial analyst A. Abdullah now expects 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 research firms also recently issued reports on WPK. BMO Capital Markets lifted their price objective on shares of Winpak from C$50.00 to C$52.00 in a report on Friday, October 25th. CIBC lifted their price target on Winpak from C$53.00 to C$54.00 in a research note on Monday, October 28th. Finally, National Bankshares set a C$55.00 price objective on Winpak and gave the stock an “outperform” rating in a report on Thursday, September 26th.

Winpak Price Performance

WPK stock opened at C$48.61 on Monday. The firm has a 50 day simple moving average of C$48.54 and a two-hundred day simple moving average of C$46.34. The stock has a market cap of C$3.06 billion, a PE ratio of 15.99, a P/E/G ratio of 4.44 and a beta of 0.21. Winpak has a one year low of C$38.81 and a one year high of C$51.16. The company has a debt-to-equity ratio of 0.82, a current ratio of 8.95 and a quick ratio of 4.69.

Winpak Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. This is a positive change from Winpak’s previous quarterly dividend of $0.03. Winpak’s dividend payout ratio (DPR) is currently 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.