Maple Leaf Foods Inc. Forecasted to Post Q3 2024 Earnings of $0.22 Per Share (TSE:MFI)

Maple Leaf Foods Inc. (TSE:MFI) – Equities researchers at National Bank Financial upped their Q3 2024 earnings per share (EPS) estimates for shares of Maple Leaf Foods in a report issued on Monday, October 7th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings of $0.22 per share for the quarter, up from their previous forecast of $0.20. 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 $0.25 EPS and Q3 2025 earnings at $0.40 EPS.

Maple Leaf Foods (TSE:MFI) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.18 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.01. The company had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. Maple Leaf Foods had a return on equity of 0.75% and a net margin of 0.24%.

Several other research analysts also recently commented on MFI. CIBC dropped their price target on Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. National Bankshares decreased their price objective on Maple Leaf Foods from C$29.00 to C$28.00 in a report on Friday, August 9th. Finally, 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. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$30.36.

Maple Leaf Foods Stock Performance

Shares of TSE MFI opened at C$22.39 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03. The business’s 50 day moving average is C$22.77 and its two-hundred day moving average is C$23.21. The company has a market cap of C$2.76 billion, a P/E ratio of 248.78, a P/E/G ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 12 month low of C$21.15 and a 12 month high of C$28.08.

Maple Leaf Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Friday, September 6th. Maple Leaf Foods’s payout ratio is presently 977.78%.

Insider Activity at Maple Leaf Foods

In other Maple Leaf Foods news, Senior Officer Iain William Stewart sold 5,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$22.90, for a total value of C$114,500.00. In other Maple Leaf Foods news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total value of C$55,198.00. Also, Senior Officer Iain William Stewart sold 5,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$22.90, for a total value of C$114,500.00. 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.