FY2024 Earnings Forecast for MTY Food Group Inc. (TSE:MTY) Issued By National Bank Financial

MTY Food Group Inc. (TSE:MTY) – National Bank Financial cut their FY2024 earnings per share estimates for MTY Food Group in a report issued on Wednesday, September 25th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $3.54 per share for the year, down from their prior forecast of $3.56. The consensus estimate for MTY Food Group’s current full-year earnings is $4.29 per share.

A number of other analysts also recently issued reports on the company. TD Securities lifted their target price on MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th. National Bankshares lifted their target price on MTY Food Group from C$53.00 to C$54.00 in a research report on Thursday. Finally, Royal Bank of Canada lifted their target price on MTY Food Group from C$51.00 to C$53.00 in a research report on Friday, July 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$54.43.

MTY Food Group Stock Performance

Shares of MTY Food Group stock opened at C$45.60 on Monday. The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. The stock’s 50-day moving average is C$43.97 and its 200-day moving average is C$46.00. MTY Food Group has a one year low of C$40.45 and a one year high of C$60.10. The company has a debt-to-equity ratio of 149.81, a current ratio of 0.64 and a quick ratio of 0.57.

MTY Food Group (TSE:MTY) last issued its quarterly earnings results on Thursday, July 11th. The company reported C$1.13 EPS for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.14. The company had revenue of C$303.74 million for the quarter, compared to analyst estimates of C$294.10 million. MTY Food Group had a return on equity of 12.52% and a net margin of 8.61%.

MTY Food Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Friday, August 2nd. MTY Food Group’s dividend payout ratio (DPR) is presently 27.32%.

MTY Food Group Company Profile

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.