Maple Leaf Foods (MFI) Set to Announce Earnings on Wednesday

Maple Leaf Foods (TSE:MFI) will issue its quarterly earnings data before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of C$0.20 per share for the quarter.

Maple Leaf Foods Price Performance

Maple Leaf Foods stock opened at C$22.70 on Tuesday. Maple Leaf Foods has a 12 month low of C$21.05 and a 12 month high of C$27.55. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. The company has a market capitalization of C$2.80 billion, a PE ratio of 252.00, a P/E/G ratio of 18.07 and a beta of 0.47. The stock has a 50-day moving average price of C$22.05 and a two-hundred day moving average price of C$23.05.

Maple Leaf Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.88%. Maple Leaf Foods’s payout ratio is currently 977.78%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MFI shares. National Bankshares decreased their price target on Maple Leaf Foods from C$29.00 to C$28.00 in a research report on Friday, August 9th. TD Securities decreased their price objective on Maple Leaf Foods from C$36.00 to C$35.00 in a report on Friday, August 9th. Finally, CIBC reduced their target price on Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$30.36.

Insider Transactions at Maple Leaf Foods

In other news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of Maple Leaf Foods stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total transaction of C$55,198.00. Corporate insiders own 39.87% of the company’s stock.

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.