Maple Leaf Foods Inc. (TSE:MFI) Forecasted to Earn FY2024 Earnings of $1.00 Per Share

Maple Leaf Foods Inc. (TSE:MFI) – Equities research analysts at National Bank Financial issued their FY2024 earnings per share (EPS) estimates for Maple Leaf Foods in a report issued 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.

A number of other analysts have also issued reports on MFI. Canaccord Genuity Group lowered their price target on Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. CIBC lowered their price target on Maple Leaf Foods from C$36.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. TD Securities lowered Maple Leaf Foods from an “action list buy” rating to a “buy” rating and lowered their price target for the stock from C$40.00 to C$31.00 in a research note on Friday, February 23rd. National Bankshares set a C$29.00 price target on Maple Leaf Foods and gave the stock an “outperform” rating in a research note on Monday. Finally, 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. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Maple Leaf Foods presently has an average rating of “Buy” and an average price target of C$30.50.

Maple Leaf Foods Stock Performance

Shares of TSE:MFI opened at C$24.21 on Wednesday. The company has a debt-to-equity ratio of 140.69, a current ratio of 1.17 and a quick ratio of 0.54. The business’s 50 day moving average price is C$23.45 and its 200-day moving average price is C$24.80. The firm has a market capitalization of C$2.97 billion, a PE ratio of -23.50, a P/E/G ratio of 18.07 and a beta of 0.49. Maple Leaf Foods has a 1 year low of C$21.52 and a 1 year high of C$31.63.

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

Maple Leaf Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.21. Maple Leaf Foods’s dividend payout ratio is -85.44%.

Maple Leaf Foods Company Profile

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.