FY2024 EPS Estimates for MTY Food Group Inc. Cut by National Bank Financial (TSE:MTY)

MTY Food Group Inc. (TSE:MTY) – Stock analysts at National Bank Financial decreased their FY2024 earnings per share estimates for MTY Food Group in a research note issued on Sunday, April 14th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $3.50 per share for the year, down from their prior estimate of $3.55. The consensus estimate for MTY Food Group’s current full-year earnings is $4.04 per share.

MTY has been the topic of a number of other research reports. Raymond James dropped their target price on MTY Food Group from C$60.00 to C$55.00 in a research report on Tuesday. National Bankshares dropped their target price on MTY Food Group from C$59.00 to C$57.00 and set an “outperform” rating on the stock in a research report on Monday. Acumen Capital dropped their target price on MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating on the stock in a research report on Monday. CIBC dropped their target price on MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Scotiabank decreased their price target on MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating for the company in a report on Monday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$54.29.

MTY Food Group Price Performance

Shares of TSE MTY opened at C$46.98 on Tuesday. The business’s 50 day moving average price is C$51.68 and its 200 day moving average price is C$53.17. The firm has a market cap of C$1.14 billion, a P/E ratio of 11.05, a P/E/G ratio of 0.75 and a beta of 1.98. MTY Food Group has a 52 week low of C$44.48 and a 52 week high of C$68.60. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 154.98.

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

MTY Food Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, May 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 2nd. MTY Food Group’s payout ratio is presently 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.