Maple Leaf Foods (MFI) Scheduled to Post Quarterly Earnings on Thursday

Maple Leaf Foods (TSE:MFI) is set to announce its earnings results before the market opens on Thursday, May 2nd.

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

Maple Leaf Foods Stock Performance

TSE:MFI opened at C$24.21 on Thursday. Maple Leaf Foods has a 12-month low of C$21.52 and a 12-month high of C$31.63. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 140.69. The firm has a market capitalization of C$2.97 billion, a PE ratio of -23.50, a price-to-earnings-growth ratio of 18.07 and a beta of 0.49. The firm has a 50-day moving average price of C$23.45 and a 200 day moving average price of C$24.80.

Maple Leaf Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.21. Maple Leaf Foods’s dividend payout ratio is -85.44%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MFI. National Bankshares set a C$29.00 price target on shares of Maple Leaf Foods and gave the stock an “outperform” rating in a research report on Monday. TD Securities lowered shares of Maple Leaf Foods from an “action list buy” rating to a “buy” rating and dropped their price objective for the stock from C$40.00 to C$31.00 in a report on Friday, February 23rd. CIBC dropped their price objective on shares of Maple Leaf Foods from C$36.00 to C$32.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Scotiabank dropped their price objective on shares of Maple Leaf Foods from C$37.50 to C$33.50 and set an “outperform” rating for the company in a report on Friday, February 23rd. Finally, Royal Bank of Canada dropped their price objective on shares of Maple Leaf Foods from C$32.00 to C$29.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$30.50.

Maple Leaf Foods Company Profile

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.