MTY Food Group (MTY) Set to Announce Quarterly Earnings on Thursday

MTY Food Group (TSE:MTYGet Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, July 11th. Analysts expect the company to announce earnings of C$0.99 per share for the quarter.

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

MTY Food Group Price Performance

MTY Food Group stock opened at C$43.22 on Tuesday. The stock’s fifty day moving average price is C$45.39 and its two-hundred day moving average price is C$50.19. MTY Food Group has a one year low of C$43.02 and a one year high of C$68.60. The company has a debt-to-equity ratio of 154.98, a current ratio of 0.61 and a quick ratio of 0.57. The firm has a market cap of C$1.04 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.75 and a beta of 1.98.

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, May 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 2.59%. MTY Food Group’s dividend payout ratio (DPR) is presently 26.60%.

Wall Street Analysts Forecast Growth

MTY has been the topic of a number of recent research reports. TD Securities lowered their price objective on MTY Food Group from C$59.00 to C$49.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. Scotiabank reduced their target price on MTY Food Group from C$55.00 to C$50.00 and set a “sector perform” rating on the stock in a report on Monday, April 15th. Royal Bank of Canada reduced their target price on MTY Food Group from C$58.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Monday, April 15th. Acumen Capital reduced 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 report on Monday, April 15th. Finally, Raymond James reduced their target price on MTY Food Group from C$60.00 to C$55.00 in a report on Tuesday, April 16th. 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.com, the company has a consensus rating of “Hold” and an average price target of C$53.57.

View Our Latest Stock Analysis on MTY

About MTY Food Group

(Get Free Report)

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.

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Earnings History for MTY Food Group (TSE:MTY)

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