Maple Leaf Foods (MFI) Scheduled to Post Quarterly Earnings on Thursday

Maple Leaf Foods (TSE:MFI) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.08 EPS for the quarter. The company had revenue of C$1.19 billion during 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 Stock Performance

Shares of Maple Leaf Foods stock opened at C$24.21 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 140.69. The firm has a market capitalization of C$2.97 billion, a P/E ratio of -23.50, a P/E/G ratio of 18.07 and a beta of 0.49. The business has a fifty day simple moving average of C$23.45 and a two-hundred day simple moving average 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.

Maple Leaf Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.63%. Maple Leaf Foods’s dividend payout ratio (DPR) is presently -85.44%.

Analysts Set New Price Targets

MFI has been the subject of several research analyst reports. TD Securities downgraded Maple Leaf Foods from an “action list buy” rating to a “buy” rating and reduced their price objective for the stock from C$40.00 to C$31.00 in a report on Friday, February 23rd. CIBC reduced their price objective on Maple Leaf Foods from C$36.00 to C$32.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Scotiabank reduced their price objective on Maple Leaf Foods from C$37.50 to C$33.50 and set an “outperform” rating for the company in a report on Friday, February 23rd. Royal Bank of Canada reduced their price objective on Maple Leaf Foods from C$32.00 to C$29.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Finally, BMO Capital Markets reduced their price objective on Maple Leaf Foods from C$31.00 to C$29.00 in a report on Friday, February 23rd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Maple Leaf Foods has a consensus rating of “Buy” and a consensus target price of C$30.50.

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.