MTY Food Group FY2024 EPS Estimate Raised by Raymond James

MTY Food Group Inc. (TSE:MTY) – Equities research analysts at Raymond James boosted their FY2024 earnings per share (EPS) estimates for MTY Food Group in a research note issued to investors on Tuesday, October 15th. Raymond James analyst M. Glen now anticipates that the company will earn $4.12 per share for the year, up from their previous forecast of $3.69. The consensus estimate for MTY Food Group’s current full-year earnings is $4.49 per share.

A number of other research analysts also recently issued reports on MTY. National Bankshares boosted their price target on shares of MTY Food Group from C$53.00 to C$54.00 in a research report on Thursday, September 26th. 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, Royal Bank of Canada boosted their target price on shares of MTY Food Group from C$51.00 to C$53.00 in a research report on Friday, July 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$54.43.

MTY Food Group Price Performance

Shares of MTY opened at C$46.30 on Friday. The business has a 50-day moving average of C$44.43 and a 200-day moving average of C$45.44. The company has a debt-to-equity ratio of 142.40, a current ratio of 0.61 and a quick ratio of 0.57. The company has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. MTY Food Group has a 1 year low of C$40.45 and a 1 year high of C$59.80.

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

MTY Food Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.42%. MTY Food Group’s dividend payout ratio is currently 28.21%.

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.