FY2024 EPS Estimates for MTY Food Group Inc. (TSE:MTY) Lowered by National Bank Financial

MTY Food Group Inc. (TSE:MTY - Free Report) - Equities researchers at National Bank Financial dropped their FY2024 EPS estimates for MTY Food Group in a research note issued on Tuesday, April 2nd. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $3.55 per share for the year, down from their previous estimate of $3.64. The consensus estimate for MTY Food Group's current full-year earnings is $4.04 per share. National Bank Financial also issued estimates for MTY Food Group's FY2025 earnings at $3.55 EPS.

MTY Food Group (TSE:MTY - Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported C$0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.99 by C($0.32). The firm had revenue of C$280.03 million during the quarter, compared to the consensus estimate of C$272.05 million. MTY Food Group had a return on equity of 13.60% and a net margin of 8.90%.

A number of other brokerages also recently weighed in on MTY. Acumen Capital increased their price objective on shares of MTY Food Group from C$60.00 to C$75.00 and gave the company a "buy" rating in a research report on Friday, February 16th. TD Securities lowered their price objective on shares of MTY Food Group from C$65.00 to C$60.00 and set a "hold" rating on the stock in a research report on Friday, February 16th. CIBC lowered their price objective on shares of MTY Food Group from C$71.00 to C$62.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 20th. Royal Bank of Canada reduced their target price on shares of MTY Food Group from C$66.00 to C$48.00 and set a "sector perform" rating for the company in a report on Friday, February 16th. Finally, Scotiabank reduced their target price on shares of MTY Food Group from C$62.00 to C$55.00 and set a "sector perform" rating for the company in a report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$59.86.

MTY Food Group Stock Performance

MTY Food Group stock traded down C$0.63 during midday trading on Thursday, reaching C$48.71. 79,311 shares of the company traded hands, compared to its average volume of 46,622. The firm has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.75 and a beta of 1.98. The business has a 50 day moving average of C$53.10 and a two-hundred day moving average of C$53.75. MTY Food Group has a 12 month low of C$47.76 and a 12 month high of C$68.60. The company has a debt-to-equity ratio of 160.56, a current ratio of 0.64 and a quick ratio of 0.57.

MTY Food Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th were given a dividend of $0.28 per share. The ex-dividend date was Friday, February 2nd. This represents a $1.12 annualized dividend and a yield of 2.30%. This is a positive change from MTY Food Group's previous quarterly dividend of $0.25. MTY Food Group's dividend payout ratio (DPR) is 24.24%.

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.