Brokers Offer Predictions for Maple Leaf Foods Inc.’s Q3 2024 Earnings (TSE:MFI)

Maple Leaf Foods Inc. (TSE:MFI) – Equities research analysts at National Bank Financial boosted their Q3 2024 earnings per share (EPS) estimates for Maple Leaf Foods in a research note issued on Monday, October 7th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $0.22 per share for the quarter, up from their previous estimate of $0.20. The consensus estimate for Maple Leaf Foods’ current full-year earnings is $1.48 per share. National Bank Financial also issued estimates for Maple Leaf Foods’ Q1 2025 earnings at $0.25 EPS and Q3 2025 earnings at $0.40 EPS.

A number of other brokerages also recently issued reports on MFI. CIBC lowered their price target on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. TD Securities cut their price target on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a report on Friday, August 9th. Finally, National Bankshares reduced their price target on shares of Maple Leaf Foods from C$29.00 to C$28.00 in a research report on Friday, August 9th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$30.36.

Maple Leaf Foods Stock Up 1.5 %

MFI opened at C$22.36 on Thursday. Maple Leaf Foods has a 12 month low of C$21.15 and a 12 month high of C$28.08. The company has a market cap of C$2.75 billion, a PE ratio of 248.44, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. The company has a 50 day moving average of C$22.77 and a 200 day moving average of C$23.21.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.18 earnings per share for the quarter, topping the consensus estimate of C$0.17 by C$0.01. The company had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.27 billion. Maple Leaf Foods had a return on equity of 0.75% and a net margin of 0.24%.

Maple Leaf Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a dividend of $0.22 per share. The ex-dividend date was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.94%. Maple Leaf Foods’s payout ratio is 977.78%.

Insiders Place Their Bets

In other news, Senior Officer Iain William Stewart sold 5,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$22.90, for a total transaction of C$114,500.00. In other news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. Also, Senior Officer Iain William Stewart sold 5,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$22.90, for a total value of C$114,500.00. Corporate insiders own 39.98% of the company’s stock.

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.