Investment analysts at National Bank Financial decreased their FY2024 earnings per share estimates for MTY Food Group Inc. (TSE:MTY) in a research report issued on Wednesday, September 25th. The analyst now expects earnings per share of $3.54 for the year, down from the prior estimate of $3.56. The consensus estimate for MTY Food Group’s current full-year earnings is $4.29 per share.
MTY Food Group (TSE:MTY) last announced its earnings results on Thursday, July 11th. The company reported C$1.13 earnings per share for the quarter, beating the consensus estimate of C$0.99 by C$0.14. MTY Food Group had a return on equity of 12.52% and a net margin of 8.61%. The business had revenue of C$303.74 million during the quarter, compared to analysts’ expectations of C$294.10 million.
MTY has been the subject of a number of other research reports. National Bankshares increased their price target on MTY Food Group from C$53.00 to C$54.00 in a research report on Thursday, September 26th. TD Securities raised their price objective on MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th. Finally, Royal Bank of Canada raised their price objective on MTY Food Group from C$51.00 to C$53.00 in a research report on Friday, July 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, MTY Food Group currently has a consensus rating of “Hold” and an average price target of C$54.43.
View Our Latest Research Report on MTY
MTY Food Group Trading Up 1.5 %
TSE:MTY opened at C$46.28 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.64 and a debt-to-equity ratio of 149.81. MTY Food Group has a 1-year low of C$40.45 and a 1-year high of C$60.10. The firm has a market capitalization of C$1.11 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. The stock has a fifty day simple moving average of C$43.97 and a 200 day simple moving average of C$45.94.
MTY Food Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Friday, August 2nd. MTY Food Group’s dividend payout ratio (DPR) is presently 27.32%.
About MTY Food Group
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.
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