MTY Food Group FY2024 EPS Boosted by National Bank Financial

MTY Food Group Inc. (TSE:MTY - Free Report) - Stock analysts at National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for shares of MTY Food Group in a report issued on Sunday, January 19th. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $4.06 per share for the year, up from their prior 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 issued a buy rating to the company's stock. According to MarketBeat, MTY Food Group currently has an average rating of "Hold" and an average price target of C$54.43.

MTY Food Group Trading Up 2.8 %

TSE:MTY traded up C$1.33 during mid-day trading on Tuesday, hitting C$48.91. 71,864 shares of the company's stock were exchanged, compared to its average volume of 40,988. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.40. MTY Food Group has a fifty-two week low of C$40.45 and a fifty-two week high of C$59.80. The company has a 50 day simple moving average of C$46.65 and a 200-day simple moving average of C$45.52. The firm has a market capitalization of C$1.15 billion, a P/E ratio of 12.32, a PEG ratio of 0.75 and a beta of 1.95.

MTY Food Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, November 5th. MTY Food Group's dividend payout ratio (DPR) is presently 28.21%.

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.