FY2024 EPS Estimates for MTY Food Group Increased by Analyst

MTY Food Group Inc. (TSE:MTY) – Analysts at National Bank Financial raised their FY2024 EPS estimates for shares of MTY Food Group in a research note issued to investors on Sunday, January 19th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $4.06 per share for the year, up from their previous forecast of $3.93. The consensus estimate for MTY Food Group’s current full-year earnings is $4.49 per share. National Bank Financial also issued estimates for MTY Food Group’s Q4 2024 earnings at $0.75 EPS, FY2025 earnings at $4.04 EPS and FY2026 earnings at $4.32 EPS.

Separately, National Bankshares boosted their price objective on shares of 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 stock. According to data from MarketBeat, MTY Food Group has an average rating of “Hold” and an average target price of C$54.43.

MTY Food Group Stock Up 2.8 %

Shares of TSE:MTY opened at C$48.91 on Tuesday. The company has a market capitalization of C$1.15 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. MTY Food Group has a 52-week low of C$40.45 and a 52-week high of C$59.80. The company has a debt-to-equity ratio of 142.40, a quick ratio of 0.57 and a current ratio of 0.61. The company has a fifty day moving average of C$46.65 and a 200-day moving average of C$45.52.

MTY Food Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Tuesday, November 5th. MTY Food Group’s dividend payout ratio (DPR) 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.