National Bank Financial Weighs in on Winpak Ltd.’s Q3 2024 Earnings (TSE:WPK)

Winpak Ltd. (TSE:WPK) – Equities researchers at National Bank Financial issued their Q3 2024 earnings estimates for Winpak in a research report issued to clients and investors on Wednesday, September 25th. National Bank Financial analyst A. Abdullah expects that the company will post earnings per share of $0.82 for the quarter. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Winpak’s current full-year earnings is $3.51 per share. National Bank Financial also issued estimates for Winpak’s Q4 2024 earnings at $0.88 EPS, FY2024 earnings at $3.25 EPS, FY2025 earnings at $3.46 EPS and FY2026 earnings at $3.66 EPS.

WPK has been the subject of a number of other research reports. National Bankshares set a C$55.00 price objective on Winpak and gave the company an “outperform” rating in a research report on Thursday, September 26th. BMO Capital Markets boosted their target price on shares of Winpak from C$46.00 to C$50.00 in a research note on Friday, July 26th. Finally, CIBC upped their target price on shares of Winpak from C$49.00 to C$51.00 in a research report on Friday, July 26th.

Winpak Stock Performance

Shares of WPK stock opened at C$47.03 on Monday. The company has a quick ratio of 4.69, a current ratio of 8.95 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average of C$45.79 and a two-hundred day moving average of C$44.03. The company has a market cap of C$2.97 billion, a P/E ratio of 15.73, a PEG ratio of 4.44 and a beta of 0.20. Winpak has a 52 week low of C$36.95 and a 52 week high of C$48.74.

Winpak (TSE:WPK) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$0.83 EPS for the quarter. Winpak had a net margin of 12.90% and a return on equity of 10.62%. The business had revenue of C$387.89 million during the quarter.

Winpak Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, October 11th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.43%. This is a boost from Winpak’s previous quarterly dividend of $0.03. Winpak’s payout ratio is currently 6.69%.

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.