Q2 2024 EPS Estimates for MTY Food Group Inc. Reduced by Analyst (TSE:MTY)

MTY Food Group Inc. (TSE:MTY) – Stock analysts at Raymond James decreased their Q2 2024 EPS estimates for MTY Food Group in a research report issued to clients and investors on Monday, April 15th. Raymond James analyst M. Glen now expects that the company will post earnings of $0.99 per share for the quarter, down from their prior forecast of $1.10. The consensus estimate for MTY Food Group’s current full-year earnings is $4.04 per share. Raymond James also issued estimates for MTY Food Group’s Q3 2024 earnings at $1.05 EPS, Q4 2024 earnings at $0.80 EPS, FY2024 earnings at $3.56 EPS and FY2025 earnings at $4.30 EPS.

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

MTY has been the subject of a number of other research reports. National Bankshares cut 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 report on Monday. Acumen Capital cut their price target on shares of MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating for the company in a report on Monday. TD Securities cut their price target on shares of MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating for the company in a report on Monday. Scotiabank cut their price target 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 report on Monday. Finally, CIBC lowered their price objective on shares of MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating for the company in a research report on Monday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$54.29.

MTY Food Group Trading Up 2.5 %

MTY stock opened at C$46.98 on Tuesday. The company’s 50-day simple moving average is C$51.68 and its 200-day simple moving average is C$53.17. 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 has a 52-week low of C$44.48 and a 52-week high of C$68.60. The firm has a market cap of C$1.14 billion, a P/E ratio of 11.05, a PEG ratio of 0.75 and a beta of 1.98.

MTY Food Group Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 2nd. MTY Food Group’s dividend payout ratio (DPR) 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.