Maple Leaf Foods (MFI) to Release Quarterly Earnings on Wednesday

Maple Leaf Foods (TSE:MFI - Get Free Report) will be announcing its earnings results before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of C$0.20 per share for the quarter.

Maple Leaf Foods (TSE:MFI - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.18 earnings per share for the quarter, topping analysts' consensus estimates of C$0.17 by C$0.01. Maple Leaf Foods had a return on equity of 0.75% and a net margin of 0.24%. The firm had revenue of C$1.26 billion during the quarter, compared to analysts' expectations of C$1.27 billion.

Maple Leaf Foods Stock Up 2.1 %

MFI traded up C$0.46 on Wednesday, hitting C$22.58. The company had a trading volume of 220,706 shares, compared to its average volume of 167,408. The stock has a fifty day moving average price of C$22.08 and a 200-day moving average price of C$23.07. 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 12-month low of C$21.05 and a 12-month high of C$27.55. The stock has a market capitalization of C$2.78 billion, a price-to-earnings ratio of 245.89, a P/E/G ratio of 18.07 and a beta of 0.47.

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 given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.90%. Maple Leaf Foods's payout ratio is 977.78%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. CIBC decreased their price objective on Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. National Bankshares lowered their price target on Maple Leaf Foods from C$29.00 to C$28.00 in a report on Friday, August 9th. Finally, TD Securities dropped their price target on Maple Leaf Foods from C$36.00 to C$35.00 in a research note on Friday, August 9th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$30.36.

Insider Activity

In other Maple Leaf Foods news, Senior Officer Iain William Stewart sold 5,000 shares of the business's stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$22.90, for a total transaction of C$114,500.00. In related news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business's 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. Also, Senior Officer Iain William Stewart sold 5,000 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$22.90, for a total transaction of C$114,500.00. 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.