MTY Food Group FY2024 EPS Lifted by National Bank Financial

MTY Food Group Inc. (TSE:MTY) – National Bank Financial increased their FY2024 earnings estimates for MTY Food Group in a report issued on Sunday, January 19th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $4.06 per share for the year, up from their previous estimate of $3.93. The consensus estimate for MTY Food Group’s current full-year earnings is $4.49 per share. National Bank Financial also issued estimates for MTY Food Group’s Q4 2024 earnings at $0.75 EPS, FY2025 earnings at $4.04 EPS and FY2026 earnings at $4.32 EPS.

Separately, National Bankshares raised their target price on shares of MTY Food Group from C$53.00 to C$54.00 in a report on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, MTY Food Group currently has a consensus rating of “Hold” and a consensus target price of C$54.43.

MTY Food Group Stock Performance

TSE:MTY opened at C$47.58 on Tuesday. The company has a debt-to-equity ratio of 142.40, a quick ratio of 0.57 and a current ratio of 0.61. The stock’s fifty day moving average is C$46.65 and its 200 day moving average is C$45.52. The firm has a market capitalization of C$1.12 billion, a PE ratio of 11.98, a PEG ratio of 0.75 and a beta of 1.95. MTY Food Group has a fifty-two week low of C$40.45 and a fifty-two week high of C$59.80.

MTY Food Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Tuesday, November 5th. MTY Food Group’s dividend payout ratio (DPR) is presently 28.21%.

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.