SunOpta (USA) (STKL) Releases Earnings Results, Misses Expectations By $-0.02 EPS

SunOpta (USA) (STKL) reported quarterly earnings results on Wednesday, Aug-10-2016. The company reported $0.05 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.07. The company posted revenue of $348.10 million in the period, compared to analysts expectations of $361.55 million. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

SunOpta (USA) opened for trading at $5.61 and hit $5.81 on the upside on Monday, eventually ending the session at $5.76, with a gain of 3.04% or 0.17 points. The heightened volatility saw the trading volume jump to 6,28,475 shares. Company has a market cap of $493 M.

In a different news, on Aug 5, 2016, Douglas Greene (director) purchased 30,000 shares at $3.31 per share price. According to the SEC, on Jul 5, 2016, James Gratzek (SVP) purchased 5,000 shares at $3.35 per share price. On Jun 3, 2016, Michael Detlefsen (director) purchased 4,000 shares at $3.33 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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