National Bank Financial Weighs in on Maple Leaf Foods Inc.'s FY2024 Earnings (TSE:MFI)

Maple Leaf Foods Inc. (TSE:MFI - Free Report) - Equities research analysts at National Bank Financial decreased their FY2024 earnings estimates for Maple Leaf Foods in a research note issued on Monday, October 7th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $0.69 for the year, down from their previous estimate of $0.70. The consensus estimate for Maple Leaf Foods' current full-year earnings is $1.48 per share. National Bank Financial also issued estimates for Maple Leaf Foods' Q4 2024 earnings at $0.25 EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $1.43 EPS and FY2026 earnings at $1.52 EPS.

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

Maple Leaf Foods Trading Up 0.5 %

MFI traded up C$0.12 during midday trading on Wednesday, reaching C$22.04. 68,055 shares of the company's stock traded hands, compared to its average volume of 167,286. Maple Leaf Foods has a 52 week low of C$21.15 and a 52 week high of C$28.08. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54. The firm has a fifty day moving average of C$22.88 and a two-hundred day moving average of C$23.22. The stock has a market capitalization of C$2.71 billion, a price-to-earnings ratio of 243.56, a P/E/G ratio of 18.07 and a beta of 0.47.

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

Maple Leaf Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date was Friday, September 6th. Maple Leaf Foods's payout ratio is 977.78%.

Insider Activity at Maple Leaf Foods

In related news, Senior Officer Iain William Stewart sold 5,000 shares of the firm's stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$22.90, for a total value of C$114,500.00. In other Maple Leaf Foods news, Senior Officer Iain William Stewart sold 5,000 shares of Maple Leaf Foods stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$22.90, for a total transaction of C$114,500.00. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. 39.98% of the stock is currently owned by company insiders.

Maple Leaf Foods Company Profile

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.