SunOpta (TSE:SOY) Posts Earnings Results, Meets Expectations

SunOpta (TSE:SOY) (NASDAQ:STKL) issued its quarterly earnings data on Tuesday. The company reported C$0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.03, reports. SunOpta had a negative return on equity of 2.92% and a negative net margin of 23.23%. The company had revenue of C$240.40 million for the quarter, compared to the consensus estimate of C$236.68 million.

SunOpta Stock Up 8.0 %

TSE:SOY opened at C$10.13 on Thursday. The company’s 50-day simple moving average is C$8.58 and its 200-day simple moving average is C$8.05. The company has a debt-to-equity ratio of 244.95, a quick ratio of 0.49 and a current ratio of 1.27. SunOpta has a fifty-two week low of C$5.23 and a fifty-two week high of C$10.40. The stock has a market capitalization of C$1.18 billion, a P/E ratio of -101.30, a P/E/G ratio of 3.16 and a beta of 1.83.

About SunOpta

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.