MTY Food Group Inc. Expected to Post FY2024 Earnings of $3.93 Per Share (TSE:MTY)

MTY Food Group Inc. (TSE:MTY) – National Bank Financial lifted their FY2024 EPS estimates for MTY Food Group in a note issued to investors on Monday, October 14th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $3.93 for the year, up from their prior forecast of $3.54. The consensus estimate for MTY Food Group’s current full-year earnings is $4.49 per share.

MTY Food Group (TSE:MTY) last released its quarterly earnings results on Friday, October 11th. The company reported C$1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.04 by C$0.42. MTY Food Group had a net margin of 8.30% and a return on equity of 11.77%. The firm had revenue of C$292.75 million for the quarter, compared to the consensus estimate of C$300.60 million.

Several other equities research analysts also recently issued reports on MTY. Royal Bank of Canada lifted their price objective on MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. TD Securities increased their price objective on shares of MTY Food Group from C$49.00 to C$51.00 in a research note on Friday, July 12th. Finally, National Bankshares boosted their target price on shares of MTY Food Group from C$53.00 to C$54.00 in a research report on Thursday, September 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, MTY Food Group has a consensus rating of “Hold” and an average target price of C$54.43.

MTY Food Group Stock Down 1.1 %

Shares of MTY Food Group stock opened at C$46.93 on Thursday. MTY Food Group has a 1-year low of C$40.45 and a 1-year high of C$59.80. The company has a market capitalization of C$1.11 billion, a PE ratio of 11.82, a P/E/G ratio of 0.75 and a beta of 1.95. The company has a debt-to-equity ratio of 142.40, a current ratio of 0.61 and a quick ratio of 0.57. The business has a 50-day moving average of C$44.32 and a 200-day moving average of C$45.45.

MTY Food Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, November 5th. MTY Food Group’s dividend payout ratio is presently 28.21%.

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.