FY2024 EPS Forecast for Maple Leaf Foods Lowered by Analyst

Maple Leaf Foods Inc. (TSE:MFI) – Analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for shares of Maple Leaf Foods in a note issued to investors on Wednesday, November 13th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $0.66 per share for the year, down from their prior estimate of $0.69. 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’ Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.38 EPS, FY2025 earnings at $1.40 EPS and FY2026 earnings at $1.57 EPS.

Other analysts also recently issued reports about the stock. TD Securities decreased their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday. CIBC decreased their price objective on Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. Finally, National Bankshares lowered their target price on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$29.93.

Maple Leaf Foods Stock Up 0.7 %

MFI stock opened at C$22.56 on Friday. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32. Maple Leaf Foods has a fifty-two week low of C$21.05 and a fifty-two week high of C$27.55. The company has a market cap of C$2.78 billion, a price-to-earnings ratio of 250.67, a P/E/G ratio of 18.07 and a beta of 0.47. The business’s 50-day moving average is C$22.03 and its two-hundred day moving average is C$23.01.

Maple Leaf Foods Announces Dividend

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

Insider Transactions at Maple Leaf Foods

In related news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business’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. Also, Director Linda Mantia purchased 4,498 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. Company insiders own 39.87% of the company’s stock.

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.