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

Maple Leaf Foods Inc. (TSE:MFI) – Analysts at National Bank Financial issued their FY2024 earnings estimates for Maple Leaf Foods in a research note 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.

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

Other equities analysts have also recently issued reports about the company. TD Securities cut Maple Leaf Foods from an “action list buy” rating to a “buy” rating and decreased their price objective for the company from C$40.00 to C$31.00 in a report on Friday, February 23rd. BMO Capital Markets decreased their price target on shares of Maple Leaf Foods from C$31.00 to C$29.00 in a research note on Friday, February 23rd. Royal Bank of Canada cut their price objective on shares of Maple Leaf Foods from C$32.00 to C$29.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Canaccord Genuity Group decreased their target price on shares of Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Finally, National Bankshares set a C$29.00 price target on shares of Maple Leaf Foods and gave the company an “outperform” rating in a research report on Monday. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$30.50.

Maple Leaf Foods Trading Up 2.3 %

Shares of MFI stock opened at C$24.27 on Wednesday. The business has a 50-day moving average price of C$23.48 and a two-hundred day moving average price of C$24.80. Maple Leaf Foods has a 12-month low of C$21.52 and a 12-month high of C$31.63. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 140.69. The firm has a market cap of C$2.97 billion, a P/E ratio of -23.56, a price-to-earnings-growth ratio of 18.07 and a beta of 0.49.

Maple Leaf Foods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a 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 (DPR) is -85.44%.

About Maple Leaf Foods

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.