SunOpta (USA) (STKL) Releases Earnings Results, Misses Expectations By $-0.01 EPS

SunOpta (USA) (STKL) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $0.03 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.04. The company posted revenue of $352.30 million in the period, compared to analysts expectations of $351.60 million. The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on SunOpta (USA). DA Davidson Upgraded SunOpta (USA) on Apr 14, 2016 to ” Buy”, Price Target of the shares are set at $6.Shares were Downgraded by DA Davidson on Mar 2, 2016 to ” Neutral” and Lowered the Price Target to $ 6 from a previous price target of $7.50 .

SunOpta (USA) closed down -0.08 points or -1.69% at $4.65 with 1,78,594 shares getting traded on Friday. Post opening the session at $4.73, the shares hit an intraday low of $4.6015 and an intraday high of $4.84 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 16, 2016, Michael Detlefsen (director) purchased 5,000 shares at $4.87 per share price. According to the SEC, on Mar 16, 2016, Joseph Davidson (SVP & GM) purchased 500 shares at $4.88 per share price. On Dec 15, 2015, M Shan Atkins (director) purchased 4,500 shares at $6.85 per share price, according to the Form-4 filing with the securities and exchange commission.

SunOpta Inc. is a global company operating businesses focused on healthy products portfolio. The Company specializes in sourcing processing and packaging of natural organic and specialty food products. It operates in three segments: Global Ingredients Consumer Products and Opta Minerals. It sources organic and non-genetically modified (non-GMO) crops from growers and suppliers. The Global Ingredients segment aggregates its North American-based Raw Material Sourcing and Supply and European-based International Sourcing and Supply operating segments. The Consumer Products segment manufactures and supplies branded and private label aseptic beverages; re-sealable pouch products; individually quick frozen (IQF) fruits and vegetables; fruit bases and toppings; juices; shelf stable juices and waters and fruit- and grain-based snacks. The Opta Minerals segment processes distributes and recycles industrial minerals; silica-free abrasives and specialty sands.

SunOpta  (USA)

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