FY2024 EPS Estimates for MTY Food Group Lifted by Analyst

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

Several other equities analysts have also recently issued reports on MTY. TD Securities boosted their target price on MTY Food Group from C$49.00 to C$51.00 in a research note on Friday, July 12th. Royal Bank of Canada boosted their target price on MTY Food Group from C$51.00 to C$53.00 in a research note on Friday, July 12th. Finally, National Bankshares boosted their target price on MTY Food Group from C$53.00 to C$54.00 in a research note on Thursday, September 26th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$54.43.

MTY Food Group Stock Performance

Shares of MTY stock opened at C$47.13 on Thursday. The company has a debt-to-equity ratio of 142.40, a quick ratio of 0.57 and a current ratio of 0.61. MTY Food Group has a fifty-two week low of C$40.45 and a fifty-two week high of C$59.80. The stock has a 50 day moving average price of C$44.38 and a two-hundred day moving average price of C$45.46. The company has a market capitalization of C$1.11 billion, a P/E ratio of 11.87, a PEG ratio of 0.75 and a beta of 1.95.

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

MTY Food Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be paid a $0.28 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $1.12 annualized dividend and a yield of 2.38%. MTY Food Group’s payout ratio is 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.