FY2024 EPS Estimate for Maple Leaf Foods Lowered by Analyst

Maple Leaf Foods Inc. (TSE:MFI) – Investment analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Maple Leaf Foods in a report released on Wednesday, November 13th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $0.66 per share for the year, down from their prior forecast of $0.69. The consensus estimate for Maple Leaf Foods’ current full-year earnings is $1.43 per share. National Bank Financial also issued estimates for Maple Leaf Foods’ Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.38 EPS, FY2025 earnings at $1.40 EPS and FY2026 earnings at $1.57 EPS.

Other analysts have also issued reports about the stock. TD Securities lowered their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday. CIBC lowered their price target on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. Finally, National Bankshares cut their price objective on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a report on Thursday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Maple Leaf Foods presently has an average rating of “Buy” and a consensus target price of C$29.93.

Maple Leaf Foods Price Performance

MFI opened at C$22.56 on Friday. The company has a market capitalization of C$2.78 billion, a price-to-earnings ratio of 250.67, a PEG ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. Maple Leaf Foods has a 12-month low of C$21.05 and a 12-month high of C$27.55. The business’s fifty day simple moving average is C$22.04 and its 200-day simple moving average is C$23.00.

Maple Leaf Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.22 per share. The ex-dividend date was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.90%. Maple Leaf Foods’s payout ratio is 977.78%.

Insider Buying and Selling at Maple Leaf Foods

In related news, Director Linda Mantia bought 4,498 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the company’s stock in a transaction that occurred 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. 39.87% of the stock is owned by insiders.

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.