FY2024 EPS Estimates for MTY Food Group Raised by Analyst

MTY Food Group Inc. (TSE:MTY) – Analysts at National Bank Financial upped their FY2024 EPS 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 per share of $4.06 for the year, up from their prior 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 upped their price objective on MTY Food Group from C$53.00 to C$54.00 in a research note on Thursday, September 26th. 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, MTY Food Group currently has an average rating of “Hold” and a consensus target price of C$54.43.

MTY Food Group Stock Up 4.3 %

MTY Food Group stock opened at C$47.58 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.40. The firm has a market cap of C$1.12 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.75 and a beta of 1.95. The business has a fifty day moving average of C$46.65 and a two-hundred day moving average of C$45.52. MTY Food Group has a twelve month low of C$40.45 and a twelve month high of C$59.80.

MTY Food Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.35%. The ex-dividend date was Tuesday, November 5th. MTY Food Group’s dividend payout ratio 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.