FY2027 EPS Estimate for Maple Leaf Foods Lowered by Analyst

Key Points

• Scotiabank cut Maple Leaf Foods’ FY2027 EPS estimate to C$1.77 from C$1.91, while maintaining a “Sector Outperform” rating and a C$33.00 price target.
• Maple Leaf Foods reported quarterly EPS of C$0.44 on C$1.02 billion in revenue. Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of C$36.33.
• The stock opened at C$26.87, down 1.2%, while the company continues to pay a quarterly dividend of C$0.21 per share, representing a 3.1% annualized yield.

Maple Leaf Foods Inc. (TSE:MFI - Free Report) - Equities researchers at Scotiabank dropped their FY2027 EPS estimates for Maple Leaf Foods in a note issued to investors on Wednesday, August 19th. Scotiabank analyst J. Zamparo now expects that the company will post earnings of $1.77 per share for the year, down from their prior forecast of $1.91. Scotiabank has a "Sector Outperform" rating and a $33.00 price objective on the stock. The consensus estimate for Maple Leaf Foods' current full-year earnings is $1.43 per share.

Maple Leaf Foods (TSE:MFI - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.44 earnings per share (EPS) for the quarter. The company had revenue of C$1.02 billion during the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%.

Several other equities research analysts also recently weighed in on MFI. Royal Bank Of Canada upped their target price on Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a research report on Friday, May 8th. Desjardins set a C$39.00 price target on Maple Leaf Foods and gave the stock a "buy" rating in a research report on Thursday, June 4th. Canaccord Genuity Group decreased their price target on Maple Leaf Foods from C$39.00 to C$37.00 and set a "buy" rating for the company in a report on Thursday, August 13th. TD Securities raised shares of Maple Leaf Foods to a "strong-buy" rating in a research report on Monday, June 22nd. Finally, Ventum Financial decreased their price objective on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to data from MarketBeat.com, Maple Leaf Foods has a consensus rating of "Buy" and an average price target of C$36.33.

Maple Leaf Foods Stock Down 1.2%

Shares of Maple Leaf Foods stock opened at C$26.87 on Friday. The company has a fifty day moving average price of C$29.28 and a 200 day moving average price of C$29.06. The company has a current ratio of 1.56, a quick ratio of 0.54 and a debt-to-equity ratio of 97.47. Maple Leaf Foods has a twelve month low of C$23.35 and a twelve month high of C$36.35. The stock has a market cap of C$3.35 billion, a price-to-earnings ratio of 6.60, a price-to-earnings-growth ratio of 18.07 and a beta of 0.32.

Insider Activity

In other news, insider Randall Huffman sold 5,075 shares of the company's stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$29.45, for a total value of C$149,458.75. Following the completion of the sale, the insider owned 89,044 shares in the company, valued at C$2,622,345.80. This represents a 5.39% decrease in their ownership of the stock. Also, Director Curtis Eugene Frank sold 96,191 shares of Maple Leaf Foods stock in a transaction that occurred on Monday, May 25th. The stock was sold at an average price of C$29.25, for a total transaction of C$2,813,586.75. Following the completion of the transaction, the director owned 101,469 shares in the company, valued at approximately C$2,967,968.25. This trade represents a 48.66% decrease in their position. Company insiders own 39.87% of the company's stock.

Maple Leaf Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.21 per share. The ex-dividend date was Monday, June 8th. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. Maple Leaf Foods's dividend payout ratio is currently 20.88%.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell's Gourmet Food, Larse, Parm, and Hygrade.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source