Raymond James Predicts Reduced Earnings for MTY Food Group

MTY Food Group Inc. (TSE:MTY) – Equities research analysts at Raymond James reduced their Q4 2024 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 post earnings per share of $0.75 for the quarter, down from their previous estimate of $0.78. The consensus estimate for MTY Food Group’s current full-year earnings is $4.49 per share. Raymond James also issued estimates for MTY Food Group’s FY2025 earnings at $4.26 EPS.

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

MTY Food Group Stock Up 0.4 %

MTY opened at C$47.13 on Thursday. 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 has a 1-year low of C$40.45 and a 1-year high of C$59.80. The company has a market capitalization of C$1.11 billion, a PE ratio of 11.87, a PEG ratio of 0.75 and a beta of 1.95. The firm’s 50 day simple moving average is C$44.38 and its two-hundred day simple moving average is C$45.46.

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

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 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 2.38%. MTY Food Group’s payout ratio is 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.