Winpak FY2024 EPS Increased by National Bank Financial

Winpak Ltd. (TSE:WPK) – Investment analysts at National Bank Financial upped their FY2024 earnings estimates for Winpak in a report released on Sunday, February 2nd. National Bank Financial analyst A. Abdullah now forecasts that the company will post earnings of $3.47 per share for the year, up from their prior forecast of $3.42. 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 $0.94 EPS, FY2025 earnings at $3.63 EPS and FY2026 earnings at $3.86 EPS.

Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Winpak from C$50.00 to C$52.00 in a research report on Friday, October 25th. CIBC raised their target price on shares of Winpak from C$53.00 to C$54.00 in a research report on Monday, October 28th.

Winpak Price Performance

WPK opened at C$42.39 on Tuesday. The company’s 50 day simple moving average is C$47.06 and its 200 day simple moving average is C$46.79. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.69 and a current ratio of 8.95. Winpak has a 1 year low of C$38.81 and a 1 year high of C$51.16. The stock has a market capitalization of C$2.67 billion, a PE ratio of 13.94, a P/E/G ratio of 4.44 and a beta of 0.21.

Winpak Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. Winpak’s dividend payout ratio (DPR) is 6.58%.

About Winpak

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.