TSE:MFI FY2024 EPS Reduced by National Bank Financial

Maple Leaf Foods Inc. (TSE:MFI) – Analysts at National Bank Financial dropped their FY2024 earnings estimates for Maple Leaf Foods in a research report issued on Wednesday, November 13th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $0.66 for the year, down from their previous 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.

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

Maple Leaf Foods Stock Up 0.7 %

Shares of TSE MFI opened at C$22.56 on Friday. The stock 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. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. Maple Leaf Foods has a 12-month low of C$21.05 and a 12-month high of C$27.55. The company has a 50-day moving average of C$22.03 and a 200 day moving average of C$23.01.

Maple Leaf Foods Dividend Announcement

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

Insider Buying and Selling at Maple Leaf Foods

In other news, Director Linda Mantia bought 4,498 shares of the business’s 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. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the stock in a transaction dated 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 corporate insiders.

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.