FY2025 Earnings Forecast for MTY Food Group Inc. (TSE:MTY) Issued By National Bank Financial

MTY Food Group Inc. (TSE:MTY) – Equities researchers at National Bank Financial boosted their FY2025 earnings per share (EPS) estimates for shares of MTY Food Group in a report issued on Sunday, April 14th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $3.70 for the year, up from their previous forecast of $3.55. The consensus estimate for MTY Food Group’s current full-year earnings is $4.04 per share.

Several other brokerages also recently issued reports on MTY. Scotiabank cut 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. TD Securities cut their price target on MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating for the company in a report on Monday. National Bankshares dropped their target price on MTY Food Group from C$59.00 to C$57.00 and set an “outperform” rating for the company in a report on Monday. Royal Bank of Canada dropped their target price on MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating for the company in a report on Monday. Finally, Acumen Capital dropped their target price on MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating for the company in a report on Monday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$54.29.

MTY Food Group Trading Down 0.4 %

Shares of MTY Food Group stock opened at C$46.79 on Wednesday. The business has a fifty day simple moving average of C$51.47 and a two-hundred day simple moving average of C$53.09. MTY Food Group has a 1 year low of C$44.48 and a 1 year high of C$68.60. The company has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 0.75 and a beta of 1.98. The company has a debt-to-equity ratio of 154.98, a current ratio of 0.61 and a quick ratio of 0.57.

MTY Food Group (TSE:MTY) last announced its quarterly 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 business had revenue of C$278.64 million for the quarter, compared to analyst estimates of C$263.20 million.

MTY Food Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, May 3rd will be issued 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 is Thursday, May 2nd. MTY Food Group’s dividend payout ratio is currently 24.24%.

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.