The Research Analysts Set Expectations for Saputo Inc.’s Q1 2018 Earnings (SAP)

The Research Analysts Set Expectations for Saputo Inc.’s Q1 2018 Earnings (SAP)

Saputo Inc. (TSE:SAP) – Analysts at Desjardins issued their Q1 2018 earnings estimates for shares of Saputo in a note issued to investors on Friday. Desjardins analyst K. Howlett anticipates that the company will post earnings per share of $0.49 for the quarter. Desjardins currently has a “Buy” rating and a $47.00 target price on the stock. Desjardins also issued estimates for Saputo’s Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.50 EPS and FY2019 earnings at $2.28 EPS.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, June 1st. The company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.06. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.92 billion.

Several other brokerages have also commented on SAP. BMO Capital Markets reiterated a “market perform” rating and set a C$48.00 price objective on shares of Saputo in a research report on Thursday, April 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a C$50.00 price objective on shares of Saputo in a research report on Tuesday, April 11th. CIBC reduced their price objective on Saputo from C$54.00 to C$51.00 in a research report on Friday. Finally, TD Securities reduced their price objective on Saputo from C$49.00 to C$48.00 and set a “hold” rating on the stock in a research report on Friday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$48.86. Saputo (TSE:SAP) opened at 44.64 on Monday. The firm has a market capitalization of $17.31 billion and a price-to-earnings ratio of 25.22. The company has a 50 day moving average price of $44.48 and a 200-day moving average price of $45.84. Saputo has a 1-year low of $36.40 and a 1-year high of $48.98.

Saputo Company Profile Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:SAP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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