FY2024 EPS Forecast for MTY Food Group Increased by Analyst

MTY Food Group Inc. (TSE:MTY) – Research analysts at Raymond James upped their FY2024 EPS estimates for shares of 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 earn $4.12 per share for the year, up from their previous estimate of $3.69. The consensus estimate for MTY Food Group’s current full-year earnings is $4.49 per share.

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

A number of other research firms have also weighed in on MTY. National Bankshares raised 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. Royal Bank of Canada boosted their price target on shares of MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. Finally, TD Securities boosted their price target on shares of MTY Food Group from C$49.00 to C$51.00 in a report on Friday, July 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, MTY Food Group has a consensus rating of “Hold” and a consensus price target of C$54.43.

MTY Food Group Stock Down 1.8 %

Shares of TSE MTY opened at C$46.30 on Friday. The firm has a market cap of C$1.09 billion, a PE ratio of 11.66, a P/E/G ratio of 0.75 and a beta of 1.95. MTY Food Group has a 12-month low of C$40.45 and a 12-month high of C$59.80. The company’s fifty day simple moving average is C$44.43 and its 200 day simple moving average is C$45.41. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.40.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is 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.