National Bank Financial Comments on Maple Leaf Foods Inc.’s FY2024 Earnings (TSE:MFI)

Maple Leaf Foods Inc. (TSE:MFI) – Research analysts at National Bank Financial issued their FY2024 earnings per share estimates for Maple Leaf Foods in a report issued on Sunday, April 21st. National Bank Financial analyst V. Shreedhar expects that the company will earn $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.

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

A number of other research analysts have also recently weighed in on MFI. BMO Capital Markets dropped their price target on Maple Leaf Foods from C$31.00 to C$29.00 in a research report on Friday, February 23rd. Canaccord Genuity Group dropped their price target on Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. CIBC dropped their price target on Maple Leaf Foods from C$36.00 to C$32.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. National Bankshares set a C$29.00 price target on Maple Leaf Foods and gave the company an “outperform” rating in a research report on Monday. Finally, Scotiabank dropped their price target on Maple Leaf Foods from C$37.50 to C$33.50 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Maple Leaf Foods has an average rating of “Buy” and an average target price of C$30.50.

Maple Leaf Foods Trading Down 1.9 %

TSE:MFI opened at C$23.74 on Wednesday. The stock has a fifty day moving average price of C$23.41 and a two-hundred day moving average price of C$24.79. The stock has a market capitalization of C$2.91 billion, a price-to-earnings ratio of -23.05, a PEG ratio of 18.07 and a beta of 0.49. The company has a debt-to-equity ratio of 140.69, a quick ratio of 0.54 and a current ratio of 1.17. Maple Leaf Foods has a 1 year low of C$21.52 and a 1 year high of C$31.63.

Maple Leaf Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were paid a $0.22 dividend. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Thursday, March 7th. Maple Leaf Foods’s payout ratio is currently -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.