MTY Food Group FY2024 EPS Forecast Raised by Raymond James

MTY Food Group Inc. (TSE:MTY - Free Report) - Raymond James boosted their FY2024 earnings per share estimates for MTY Food Group in a report issued on Tuesday, October 15th. Raymond James analyst M. Glen now expects that the company will post earnings of $4.12 per share for the year, up from their prior forecast of $3.69. The consensus estimate for MTY Food Group's current full-year earnings is $4.49 per share.

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

Several other equities analysts have also recently weighed in on MTY. Royal Bank of Canada raised their price objective on MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. National Bankshares boosted their price target on MTY Food Group from C$53.00 to C$54.00 in a research report on Thursday, September 26th. 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$54.43.

MTY Food Group Stock Down 1.8 %

MTY stock traded down C$0.83 during midday trading on Friday, hitting C$46.30. The company's stock had a trading volume of 67,445 shares, compared to its average volume of 49,148. The company's fifty day moving average price is C$44.38 and its 200 day moving average price is C$45.46. The company has a debt-to-equity ratio of 142.40, a current ratio of 0.61 and a quick ratio of 0.57. MTY Food Group has a twelve month low of C$40.45 and a twelve month high of C$59.80. The stock has a market capitalization of C$1.09 billion, a P/E ratio of 11.76, a PEG ratio of 0.75 and a beta of 1.95.

MTY Food Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Tuesday, November 5th. MTY Food Group's payout ratio 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.