MTY Food Group (MTY) Scheduled to Post Quarterly Earnings on Friday

MTY Food Group (TSE:MTY) is scheduled to announce its earnings results before the market opens on Friday, October 11th. Analysts expect the company to announce earnings of C$1.04 per share for the quarter.

MTY Food Group (TSE:MTY) last posted its quarterly earnings results on Thursday, July 11th. The company reported C$1.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 8.61% and a return on equity of 12.52%.

MTY Food Group Stock Down 0.5 %

MTY opened at C$45.98 on Friday. MTY Food Group has a 12 month low of C$40.45 and a 12 month high of C$60.10. The company has a market cap of C$1.10 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. The company has a current ratio of 0.64, a quick ratio of 0.57 and a debt-to-equity ratio of 149.81. The company has a 50 day moving average of C$43.97 and a 200 day moving average of C$45.85.

MTY Food Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, August 2nd. MTY Food Group’s dividend payout ratio (DPR) is presently 27.32%.

Analysts Set New Price Targets

Several brokerages have commented on MTY. Royal Bank of Canada raised their target price on MTY Food Group from C$51.00 to C$53.00 in a research note on Friday, July 12th. TD Securities raised their price objective on shares of MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th. Finally, National Bankshares upped their target price on shares of MTY Food Group from C$53.00 to C$54.00 in a report on Thursday, September 26th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$54.43.

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.