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

MTY Food Group Inc. (TSE:MTY) – National Bank Financial increased their FY2024 earnings per share estimates for MTY Food Group in a research report issued on Monday, October 14th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $3.93 for the year, up from their prior estimate of $3.54. The consensus estimate for MTY Food Group’s current full-year earnings is $4.49 per share.

Several other brokerages also recently issued reports on MTY. National Bankshares boosted their price objective on MTY Food Group from C$53.00 to C$54.00 in a research report on Thursday, September 26th. TD Securities boosted their price target on MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th. Finally, Royal Bank of Canada raised their price target on MTY Food Group from C$51.00 to C$53.00 in a 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.com, MTY Food Group presently has a consensus rating of “Hold” and an average price target of C$54.43.

MTY Food Group Price Performance

TSE MTY opened at C$46.93 on Thursday. The company has a 50-day moving average price of C$44.32 and a two-hundred day moving average price of C$45.45. MTY Food Group has a 52 week low of C$40.45 and a 52 week high of C$59.80. The stock has a market cap of C$1.11 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.40.

MTY Food Group (TSE:MTY) last released its quarterly earnings data on Friday, October 11th. The company reported C$1.46 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.04 by C$0.42. The business had revenue of C$292.75 million for the quarter, compared to analysts’ expectations of C$300.60 million. MTY Food Group had a net margin of 8.30% and a return on equity of 11.77%.

MTY Food Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, November 5th. MTY Food Group’s dividend payout ratio is presently 28.21%.

About MTY Food Group

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.