Equities Analysts Set Expectations for Maple Leaf Foods Inc.'s FY2024 Earnings (TSE:MFI)

Maple Leaf Foods Inc. (TSE:MFI - Free Report) - Investment analysts at National Bank Financial issued their FY2024 earnings per share estimates for shares of Maple Leaf Foods in a research note issued to investors on Sunday, April 21st. National Bank Financial analyst V. Shreedhar forecasts that the company will post earnings of $1.00 per share for the year. The consensus estimate for Maple Leaf Foods' current full-year earnings is $0.94 per share. National Bank Financial also issued estimates for Maple Leaf Foods' FY2025 earnings at $1.75 EPS.

Maple Leaf Foods (TSE:MFI - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.08 EPS for the quarter. The firm had revenue of C$1.19 billion during the quarter. Maple Leaf Foods had a negative return on equity of 7.86% and a negative net margin of 2.57%.

Several other equities analysts have also commented on MFI. National Bankshares set a C$29.00 price target on Maple Leaf Foods and gave the stock an "outperform" rating in a research report on Monday. Royal Bank of Canada dropped their price target on Maple Leaf Foods from C$32.00 to C$29.00 and set an "outperform" rating on the stock in a research report on Friday, February 23rd. BMO Capital Markets lowered their price objective on Maple Leaf Foods from C$31.00 to C$29.00 in a research note on Friday, February 23rd. Scotiabank lowered their price objective on Maple Leaf Foods from C$37.50 to C$33.50 and set an "outperform" rating for the company in a research note on Friday, February 23rd. Finally, CIBC decreased their price target on Maple Leaf Foods from C$36.00 to C$32.00 and set an "outperform" rating for the company in a research note on Friday, February 23rd. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Maple Leaf Foods currently has an average rating of "Buy" and an average price target of C$30.50.

Maple Leaf Foods Trading Down 0.2 %

MFI traded down C$0.06 during midday trading on Wednesday, hitting C$24.21. The company's stock had a trading volume of 171,294 shares, compared to its average volume of 174,312. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 140.69. Maple Leaf Foods has a 52-week low of C$21.52 and a 52-week high of C$31.63. The firm has a market cap of C$2.97 billion, a P/E ratio of -23.50, a PEG ratio of 18.07 and a beta of 0.49. The firm has a 50-day moving average price of C$23.48 and a two-hundred day moving average price of C$24.80.

Maple Leaf Foods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.63%. This is an increase from Maple Leaf Foods's previous quarterly dividend of $0.21. The ex-dividend date was Thursday, March 7th. Maple Leaf Foods's dividend payout ratio is currently -85.44%.

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.