Maple Leaf Foods Inc. Forecasted to Post Q3 2024 Earnings of $0.22 Per Share (TSE:MFI)

Maple Leaf Foods Inc. (TSE:MFIFree Report) – Equities research analysts at National Bank Financial raised their Q3 2024 earnings per share (EPS) estimates for Maple Leaf Foods in a research note issued to investors on Monday, October 7th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings of $0.22 per share for the quarter, up from their prior forecast of $0.20. 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 $0.25 EPS and Q3 2025 earnings at $0.40 EPS.

Maple Leaf Foods (TSE:MFIGet Free Report) last released its earnings results on Thursday, August 8th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. The firm had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.27 billion. Maple Leaf Foods had a return on equity of 0.75% and a net margin of 0.24%.

Other equities analysts have also issued research reports about the company. CIBC decreased their price target on Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. National Bankshares decreased their price target on Maple Leaf Foods from C$29.00 to C$28.00 in a research report on Friday, August 9th. Finally, TD Securities decreased their price target on Maple Leaf Foods from C$36.00 to C$35.00 in a research report on Friday, August 9th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Maple Leaf Foods presently has a consensus rating of “Buy” and a consensus price target of C$30.36.

View Our Latest Stock Report on Maple Leaf Foods

Maple Leaf Foods Trading Up 0.1 %

TSE:MFI opened at C$22.39 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03. Maple Leaf Foods has a 1-year low of C$21.15 and a 1-year high of C$28.08. The firm has a market capitalization of C$2.76 billion, a price-to-earnings ratio of 248.78, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The stock has a fifty day simple moving average of C$22.77 and a 200 day simple moving average of C$23.21.

Insiders Place Their Bets

In other Maple Leaf Foods 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. In other news, Senior Officer Iain William Stewart sold 5,000 shares of the firm’s 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. Also, 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 value of C$55,198.00. Corporate insiders own 39.87% of the company’s stock.

Maple Leaf Foods Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.93%. Maple Leaf Foods’s payout ratio is presently 977.78%.

Maple Leaf Foods Company Profile

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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.

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Earnings History and Estimates for Maple Leaf Foods (TSE:MFI)

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