FY2024 EPS Forecast for Maple Leaf Foods Cut by Analyst

Maple Leaf Foods Inc. (TSE:MFI - Free Report) - Stock analysts at National Bank Financial lowered their FY2024 EPS estimates for shares of Maple Leaf Foods in a report issued on Wednesday, November 13th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $0.66 for the year, down from their prior estimate of $0.69. The consensus estimate for Maple Leaf Foods' current full-year earnings is $1.43 per share. National Bank Financial also issued estimates for Maple Leaf Foods' Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.38 EPS, FY2025 earnings at $1.40 EPS and FY2026 earnings at $1.57 EPS.

Several other analysts have also issued reports on the stock. CIBC reduced their price target on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. TD Securities reduced their target price on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a "buy" rating on the stock in a report on Thursday. Finally, National Bankshares lowered their target price on Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$29.93.

Maple Leaf Foods Stock Performance

MFI traded up C$0.15 during trading on Friday, hitting C$22.56. The stock had a trading volume of 257,226 shares, compared to its average volume of 170,000. Maple Leaf Foods has a one year low of C$21.05 and a one year high of C$27.55. 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 market cap of C$2.78 billion, a price-to-earnings ratio of 250.67, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a 50 day moving average price of C$22.03 and a 200-day moving average price of C$23.01.

Maple Leaf Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Friday, September 6th. Maple Leaf Foods's payout ratio is currently 977.78%.

Insiders Place Their Bets

In other Maple Leaf Foods news, Director Linda Mantia acquired 4,498 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of C$22.23 per share, with a total value of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of Maple Leaf Foods 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. 39.87% 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.