MTY Food Group Inc. (TSE:MTY) to Post Q3 2024 Earnings of $1.04 Per Share, Raymond James Forecasts

MTY Food Group Inc. (TSE:MTY) – Research analysts at Raymond James decreased their Q3 2024 earnings estimates for MTY Food Group in a note issued to investors on Thursday, July 11th. Raymond James analyst M. Glen now forecasts that the company will post earnings of $1.04 per share for the quarter, down from their prior estimate of $1.05. The consensus estimate for MTY Food Group’s current full-year earnings is $3.68 per share. Raymond James also issued estimates for MTY Food Group’s Q4 2024 earnings at $0.78 EPS and FY2025 earnings at $4.27 EPS.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada raised their price target on shares of MTY Food Group from C$51.00 to C$53.00 in a report on Friday, July 12th. CIBC decreased their price target on MTY Food Group from C$62.00 to C$53.00 and set an “outperform” rating for the company in a report on Monday, April 15th. National Bankshares increased their price target on shares of MTY Food Group from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Acumen Capital decreased their price objective on shares of MTY Food Group from C$75.00 to C$65.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Finally, TD Securities raised their target price on MTY Food Group from C$49.00 to C$51.00 in a research report on Friday, July 12th. Four 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 an average target price of C$54.29.

MTY Food Group Stock Performance

Shares of MTY opened at C$48.37 on Monday. MTY Food Group has a 12 month low of C$42.19 and a 12 month high of C$68.60. The stock has a fifty day moving average price of C$45.09 and a 200-day moving average price of C$49.77. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 154.98. The firm has a market cap of C$1.17 billion, a PE ratio of 11.49, a P/E/G ratio of 0.75 and a beta of 1.98.

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, May 2nd. MTY Food Group’s dividend payout ratio (DPR) is currently 26.60%.

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.