FY2022 Earnings Estimate for MTY Food Group Inc. (TSE:MTY) Issued By National Bank Financial

MTY Food Group Inc. (TSE:MTYGet Rating) – Equities researchers at National Bank Financial boosted their FY2022 earnings per share (EPS) estimates for shares of MTY Food Group in a note issued to investors on Sunday, April 10th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $3.68 per share for the year, up from their prior estimate of $3.53. National Bank Financial also issued estimates for MTY Food Group’s FY2023 earnings at $4.10 EPS.

MTY Food Group (TSE:MTYGet Rating) last released its quarterly earnings data on Thursday, February 17th. The company reported C$1.02 earnings per share for the quarter. The company had revenue of C$146.29 million for the quarter, compared to analyst estimates of C$152.60 million.

MTY has been the topic of a number of other research reports. Acumen Capital reduced their price objective on MTY Food Group from C$77.00 to C$76.00 and set a “buy” rating on the stock in a research note on Monday. TD Securities decreased their price target on shares of MTY Food Group from C$70.00 to C$62.00 and set a “hold” rating for the company in a report on Friday, February 18th. Scotiabank increased their price objective on shares of MTY Food Group from C$60.00 to C$63.00 in a report on Monday. Raymond James lowered their target price on MTY Food Group from C$73.00 to C$68.00 and set a “market perform” rating on the stock in a research report on Friday, February 18th. Finally, Royal Bank of Canada upped their price target on shares of MTY Food Group from C$66.00 to C$68.00 and gave the stock a “sector perform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$69.88.

MTY Food Group stock opened at C$53.53 on Wednesday. MTY Food Group has a fifty-two week low of C$47.90 and a fifty-two week high of C$72.10. The company has a market capitalization of C$1.31 billion and a price-to-earnings ratio of 15.47. The stock has a fifty day moving average of C$53.55 and a two-hundred day moving average of C$57.89. The company has a debt-to-equity ratio of 128.57, a quick ratio of 0.59 and a current ratio of 0.65.

In related news, Director Eric Lefebvre acquired 1,000 shares of the business’s stock in a transaction on Wednesday, February 23rd. The stock was bought at an average cost of C$50.73 per share, with a total value of C$50,725.00. Following the completion of the acquisition, the director now owns 11,059 shares in the company, valued at C$560,967.78.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 15th. Shareholders of record on Tuesday, February 15th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.57%. The ex-dividend date was Wednesday, February 2nd. This is a positive change from MTY Food Group’s previous quarterly dividend of $0.19. MTY Food Group’s payout ratio is 16.76%.

About MTY Food Group (Get Rating)

MTY Food Group Inc franchises and operates quick service, fast casual, and casual dining restaurants in Canada, the United States, and internationally. The company franchises and operates corporate-owned locations in the quick service restaurant and casual dining segments of the restaurant industry; and sells retail products under a multitude of banners.

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