Maple Leaf Foods Inc. (TSE:MFI) to Post Q3 2024 Earnings of $0.22 Per Share, National Bank Financial Forecasts

Maple Leaf Foods Inc. (TSE:MFI - Free Report) - Equities research analysts at National Bank Financial upped their Q3 2024 earnings per share (EPS) estimates for Maple Leaf Foods in a research note issued on Monday, October 7th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $0.22 per share for the quarter, up from their previous estimate of $0.20. 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' Q1 2025 earnings at $0.25 EPS and Q3 2025 earnings at $0.40 EPS.

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

Maple Leaf Foods Stock Up 1.5 %

Shares of MFI stock traded up C$0.32 during mid-day trading on Thursday, hitting C$22.36. The stock had a trading volume of 100,761 shares, compared to its average volume of 166,948. The firm has a market capitalization of C$2.75 billion, a P/E ratio of 244.89, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54. Maple Leaf Foods has a 12-month low of C$21.15 and a 12-month high of C$28.08. The firm's 50-day moving average is C$22.82 and its two-hundred day moving average is C$23.21.

Maple Leaf Foods (TSE:MFI - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.17 by C$0.01. The company had revenue of C$1.26 billion during the quarter, compared to analysts' expectations 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders 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 3.94%. Maple Leaf Foods's dividend payout ratio is currently 977.78%.

Insider Buying and Selling at Maple Leaf Foods

In other news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total value of C$55,198.00. In other Maple Leaf Foods news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the company'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 Maple Leaf Foods stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$22.90, for a total value of C$114,500.00. Company insiders own 39.98% 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.