Winpak Ltd. (TSE:WPK – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$46.06 and last traded at C$46.06, with a volume of 3221 shares trading hands. The stock had previously closed at C$45.27.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Winpak from C$46.00 to C$50.00 in a research note on Friday. CIBC boosted their price target on shares of Winpak from C$49.00 to C$51.00 in a research note on Friday.
Get Our Latest Stock Analysis on Winpak
Winpak Trading Up 7.7 %
Winpak (TSE:WPK – Get Free Report) last released its earnings results on Monday, April 22nd. The company reported C$0.74 earnings per share for the quarter. The firm had revenue of C$373.14 million for the quarter. Winpak had a net margin of 12.96% and a return on equity of 10.82%. As a group, sell-side analysts expect that Winpak Ltd. will post 3.364751 EPS for the current fiscal year.
Winpak Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, July 12th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Wednesday, July 3rd. Winpak’s dividend payout ratio is presently 3.93%.
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.
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