National Bank Financial Estimates TSE:MFI FY2024 Earnings

Maple Leaf Foods Inc. (TSE:MFI) – Research analysts at National Bank Financial cut their FY2024 EPS estimates for Maple Leaf Foods in a note issued to investors on Wednesday, November 13th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $0.66 for the year, down from their previous forecast of $0.69. The consensus estimate for Maple Leaf Foods’ current full-year earnings is $1.43 per share. National Bank Financial also issued estimates for Maple Leaf Foods’ Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.38 EPS, FY2025 earnings at $1.40 EPS and FY2026 earnings at $1.57 EPS.

A number of other analysts also recently commented on the company. TD Securities lowered their target price on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday. CIBC decreased their price target on Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. Finally, National Bankshares dropped their price objective on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Maple Leaf Foods currently has an average rating of “Buy” and a consensus price target of C$29.93.

Maple Leaf Foods Price Performance

TSE:MFI opened at C$22.56 on Friday. The firm’s fifty day moving average is C$22.04 and its two-hundred day moving average is C$23.00. The firm has a market cap of C$2.78 billion, a price-to-earnings ratio of 250.67, a PEG ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a one year low of C$21.05 and a one year high of C$27.55. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32.

Insider Activity

In related news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total transaction of C$55,198.00. Also, Director Linda Mantia acquired 4,498 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of C$22.23 per share, for a total transaction of C$99,990.54. Company insiders own 39.87% of the company’s stock.

Maple Leaf Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.90%. The ex-dividend date was Friday, September 6th. Maple Leaf Foods’s payout ratio is currently 977.78%.

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.