Q2 2024 EPS Estimates for Maple Leaf Foods Inc. (TSE:MFI) Decreased by Analyst

Maple Leaf Foods Inc. (TSE:MFI) – Research analysts at National Bank Financial cut their Q2 2024 EPS estimates for shares of Maple Leaf Foods in a note issued to investors on Tuesday, July 2nd. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings of $0.17 per share for the quarter, down from their prior forecast of $0.22. The consensus estimate for Maple Leaf Foods’ current full-year earnings is $0.77 per share. National Bank Financial also issued estimates for Maple Leaf Foods’ Q3 2024 earnings at $0.23 EPS, FY2024 earnings at $0.72 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.51 EPS.

Several other equities analysts have also recently issued reports on MFI. Scotiabank decreased their price target on shares of Maple Leaf Foods from C$33.50 to C$31.50 and set an “outperform” rating for the company in a research report on Friday, May 3rd. CIBC decreased their price target on shares of Maple Leaf Foods from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Finally, National Bankshares set a C$29.00 price target on shares of Maple Leaf Foods and gave the company an “outperform” rating in a research report on Monday, April 22nd. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$30.07.

Maple Leaf Foods Price Performance

MFI stock opened at C$22.65 on Thursday. The company has a 50 day simple moving average of C$23.26 and a 200 day simple moving average of C$24.08. The stock has a market cap of C$2.78 billion, a price-to-earnings ratio of -174.23, a P/E/G ratio of 18.07 and a beta of 0.45. Maple Leaf Foods has a 1 year low of C$21.52 and a 1 year high of C$31.63. The company has a debt-to-equity ratio of 136.74, a current ratio of 1.22 and a quick ratio of 0.54.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$1.15 billion during the quarter. Maple Leaf Foods had a negative net margin of 0.32% and a negative return on equity of 1.00%.

Maple Leaf Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Thursday, June 6th. Maple Leaf Foods’s dividend payout ratio is currently -676.92%.

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.