National Bank Financial Research Analysts Increase Earnings Estimates for MTY Food Group Inc. (TSE:MTY)

MTY Food Group Inc. (TSE:MTY) – Research analysts at National Bank Financial raised their FY2025 earnings per share estimates for shares of MTY Food Group in a research report issued on Sunday, April 14th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $3.70 per share for the year, up from their previous estimate of $3.55. The consensus estimate for MTY Food Group’s current full-year earnings is $4.04 per share.

MTY Food Group (TSE:MTY) last issued its earnings results on Friday, April 12th. The company reported C$0.71 EPS for the quarter, missing the consensus estimate of C$0.83 by C($0.12). The business had revenue of C$278.64 million for the quarter, compared to the consensus estimate of C$263.20 million. MTY Food Group had a net margin of 8.86% and a return on equity of 13.23%.

A number of other equities analysts have also weighed in on MTY. Royal Bank of Canada reduced their target price on shares of MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating for the company in a research note on Monday. Scotiabank reduced their price objective on shares of MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating for the company in a research note on Monday. Raymond James reduced their price objective on shares of MTY Food Group from C$60.00 to C$55.00 in a research note on Tuesday. National Bankshares reduced their price objective on shares of MTY Food Group from C$59.00 to C$57.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Acumen Capital reduced their price objective on shares of MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating for the company in a research note on Monday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, MTY Food Group presently has an average rating of “Hold” and a consensus target price of C$54.29.

MTY Food Group Price Performance

Shares of TSE MTY opened at C$46.61 on Wednesday. The firm has a market cap of C$1.13 billion, a PE ratio of 10.97, a PEG ratio of 0.75 and a beta of 1.98. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 154.98. MTY Food Group has a 1-year low of C$44.48 and a 1-year high of C$68.60. The company has a fifty day moving average price of C$51.03 and a 200 day moving average price of C$53.00.

MTY Food Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, May 3rd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.12 annualized dividend and a yield of 2.40%. MTY Food Group’s dividend payout ratio (DPR) is currently 24.24%.

MTY Food Group Company Profile

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.