Research Analysts Issue Forecasts for TSE:MFI Q4 Earnings

Maple Leaf Foods Inc. (TSE:MFI) – Research analysts at National Bank Financial raised their Q4 2024 earnings per share (EPS) estimates for shares of Maple Leaf Foods in a report released on Wednesday, November 13th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $0.26 for the quarter, up from their prior estimate of $0.25. 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’ Q4 2025 earnings at $0.42 EPS.

MFI has been the subject of several other reports. National Bankshares lowered their price objective on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday. CIBC reduced their target price on Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. Finally, TD Securities dropped their price target on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$29.93.

Maple Leaf Foods Stock Performance

Shares of MFI opened at C$22.56 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. The firm has a market cap of C$2.78 billion, a PE ratio of 250.67, a P/E/G ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 12 month low of C$21.05 and a 12 month high of C$27.55. The stock has a fifty day moving average price of C$22.04 and a 200-day moving average price of C$22.99.

Insiders Place Their Bets

In other news, Director Linda Mantia acquired 4,498 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of C$22.23 per share, with a total value of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total value of C$55,198.00. 39.87% of the stock is currently owned by company insiders.

Maple Leaf Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.90%. Maple Leaf Foods’s payout ratio is 977.78%.

About Maple Leaf Foods

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.