Maple Leaf Foods Inc. (TSE:MFI) Forecasted to Earn FY2024 Earnings of $1.00 Per Share

Maple Leaf Foods Inc. (TSE:MFI) – Research analysts at National Bank Financial issued their FY2024 earnings per share (EPS) estimates for Maple Leaf Foods in a note issued to investors on Sunday, April 21st. National Bank Financial analyst V. Shreedhar expects that the company will earn $1.00 per share for the year. The consensus estimate for Maple Leaf Foods’ current full-year earnings is $0.94 per share. National Bank Financial also issued estimates for Maple Leaf Foods’ FY2025 earnings at $1.75 EPS.

Maple Leaf Foods (TSE:MFI) last issued its earnings results on Thursday, February 22nd. The company reported C$0.08 EPS for the quarter. The business had revenue of C$1.19 billion during the quarter. Maple Leaf Foods had a negative return on equity of 7.86% and a negative net margin of 2.57%.

MFI has been the topic of a number of other reports. CIBC lowered their price target on Maple Leaf Foods from C$36.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Royal Bank of Canada lowered their price target on Maple Leaf Foods from C$32.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Canaccord Genuity Group lowered their price target on Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. National Bankshares set a C$29.00 price target on Maple Leaf Foods and gave the company an “outperform” rating in a research report on Monday. Finally, Scotiabank lowered their price target on Maple Leaf Foods from C$37.50 to C$33.50 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Maple Leaf Foods has an average rating of “Buy” and a consensus price target of C$30.50.

Maple Leaf Foods Stock Performance

Shares of TSE MFI opened at C$24.21 on Wednesday. The business has a fifty day simple moving average of C$23.45 and a 200 day simple moving average of C$24.80. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 140.69. The firm has a market capitalization of C$2.97 billion, a price-to-earnings ratio of -23.50, a PEG ratio of 18.07 and a beta of 0.49. Maple Leaf Foods has a one year low of C$21.52 and a one year high of C$31.63.

Maple Leaf Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.21. Maple Leaf Foods’s dividend payout ratio is presently -85.44%.

About Maple Leaf Foods

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.