Winpak Ltd. (WPK) Set to Announce Earnings on Wednesday

Winpak Ltd. (TSE:WPK) is scheduled to release its earnings data on Wednesday, October 18th. Analysts expect Winpak to post earnings of C$0.43 per share for the quarter.

Shares of Winpak Ltd. (TSE:WPK) opened at 52.38 on Wednesday. Winpak Ltd. has a 12 month low of $43.24 and a 12 month high of $61.43. The firm has a 50-day moving average price of $51.42 and a 200-day moving average price of $55.09. The stock has a market cap of $3.40 billion and a PE ratio of 31.84.

In other news, Director Timothy Lee Johnson sold 5,743 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of C$53.00, for a total value of C$304,379.00.

WPK has been the subject of several analyst reports. Scotiabank set a C$60.00 price objective on Winpak and gave the company an “outperform” rating in a report on Friday, July 28th. Raymond James Financial, Inc. boosted their price objective on Winpak from C$56.00 to C$58.00 and gave the company an “outperform” rating in a report on Friday, July 21st. Finally, CIBC raised Winpak from a “neutral” rating to an “outperform” rating and decreased their price objective for the company from C$58.00 to C$55.00 in a report on Monday, September 11th.

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About Winpak

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines. The Company’s products are used for packaging of perishable foods, beverages and in healthcare applications. It operates through six segments: modified atmosphere packaging, specialty films, rigid containers, lidding, biaxially oriented nylon and packaging machinery.

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