MTY Food Group (TSE:MTY) Announces Quarterly Earnings Results

MTY Food Group (TSE:MTY) posted its earnings results on Friday. The company reported C$0.71 earnings per share for the quarter, missing the consensus estimate of C$0.83 by C($0.12), reports. MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%. The firm had revenue of C$278.64 million during the quarter, compared to analyst estimates of C$263.20 million.

MTY Food Group Stock Down 9.9 %

Shares of MTY stock opened at C$45.16 on Monday. 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 firm’s fifty day moving average price is C$51.92 and its two-hundred day moving average price is C$53.28. The firm has a market capitalization of C$1.09 billion, a P/E ratio of 10.63, a PEG ratio of 0.75 and a beta of 1.98.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be paid a $0.28 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.12 annualized dividend and a yield of 2.48%. MTY Food Group’s payout ratio is currently 24.24%.

Analyst Ratings Changes

A number of equities research analysts recently commented on MTY shares. National Bankshares dropped their price objective on shares of MTY Food Group from C$71.00 to C$59.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Royal Bank of Canada dropped their price objective on shares of MTY Food Group from C$66.00 to C$48.00 and set a “sector perform” rating on the stock in a report on Friday, February 16th. Scotiabank dropped their price objective on shares of MTY Food Group from C$62.00 to C$55.00 and set a “sector perform” rating on the stock in a report on Friday, February 16th. Acumen Capital raised their price objective on shares of MTY Food Group from C$60.00 to C$75.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, CIBC dropped their price objective on shares of MTY Food Group from C$71.00 to C$62.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$59.86.

About MTY Food Group

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.