TSE:MFI FY2024 EPS Decreased by National Bank Financial

Maple Leaf Foods Inc. (TSE:MFI) – Investment analysts at National Bank Financial decreased their FY2024 EPS estimates for Maple Leaf Foods in a research note issued to investors on Wednesday, November 13th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $0.66 for the year, down from their previous estimate 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 brokerages have also weighed in on MFI. CIBC decreased their target price on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. TD Securities dropped their target price on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday. Finally, National Bankshares decreased their price target on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Maple Leaf Foods has a consensus rating of “Buy” and a consensus price target of C$29.93.

Maple Leaf Foods Price Performance

Shares of TSE MFI opened at C$22.41 on Friday. Maple Leaf Foods has a twelve month low of C$21.05 and a twelve month high of C$27.55. The firm has a market cap of C$2.76 billion, a P/E ratio of 249.00, a PEG ratio of 18.07 and a beta of 0.47. The company has a 50 day moving average of C$22.03 and a 200 day moving average of C$23.02. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03.

Insider Activity

In other Maple Leaf Foods news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of Maple Leaf Foods 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. Company insiders own 39.87% of the company’s stock.

Maple Leaf Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a $0.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.93%. Maple Leaf Foods’s dividend payout ratio (DPR) is 977.78%.

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.