Raymond James Predicts Reduced Earnings for MTY Food Group

MTY Food Group Inc. (TSE:MTY - Free Report) - Stock analysts at Raymond James dropped their Q4 2024 earnings per share (EPS) estimates for MTY Food Group in a research note issued on Tuesday, October 15th. Raymond James analyst M. Glen now anticipates that the company will earn $0.75 per share for the quarter, down from their previous forecast of $0.78. The consensus estimate for MTY Food Group's current full-year earnings is $4.49 per share. Raymond James also issued estimates for MTY Food Group's FY2025 earnings at $4.26 EPS.

MTY Food Group (TSE:MTY - Get Free Report) last announced its quarterly earnings data on Friday, October 11th. The company reported C$1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.04 by C$0.42. MTY Food Group had a return on equity of 11.77% and a net margin of 8.30%. The company had revenue of C$292.75 million for the quarter, compared to analysts' expectations of C$300.60 million.

A number of other research firms have also weighed in on MTY. National Bankshares upped their target price on MTY Food Group from C$53.00 to C$54.00 in a report on Thursday, September 26th. Royal Bank of Canada upped their target price on MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. Finally, TD Securities increased their price objective on MTY Food Group from C$49.00 to C$51.00 in a report on Friday, July 12th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, MTY Food Group has an average rating of "Hold" and an average price target of C$54.43.

MTY Food Group Stock Up 0.4 %

MTY Food Group stock traded up C$0.20 during mid-day trading on Thursday, reaching C$47.13. 85,500 shares of the company were exchanged, compared to its average volume of 49,057. The business has a fifty day moving average of C$44.32 and a 200 day moving average of C$45.45. The company has a debt-to-equity ratio of 142.40, a quick ratio of 0.57 and a current ratio of 0.61. The firm has a market cap of C$1.11 billion, a P/E ratio of 11.82, a PEG ratio of 0.75 and a beta of 1.95. MTY Food Group has a 12-month low of C$40.45 and a 12-month high of C$59.80.

MTY Food Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, November 5th. MTY Food Group's payout ratio is 28.21%.

MTY Food Group Company Profile

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.