MTY Food Group Inc. Forecasted to Earn FY2016 Earnings of $2.15 Per Share (MTY)
MTY Food Group Inc. (TSE:MTY) – Equities research analysts at National Bank Financial boosted their FY2016 earnings per share (EPS) estimates for MTY Food Group in a research note issued on Thursday. National Bank Financial analyst L. Aghazarian now expects that the brokerage will earn $2.15 per share for the year, up from their previous estimate of $1.88. National Bank Financial also issued estimates for MTY Food Group’s FY2017 earnings at $2.62 EPS.
Separately, Scotiabank boosted their price objective on shares of MTY Food Group from C$47.50 to C$48.00 and gave the stock an “outperform” rating in a research note on Friday, July 8th.
MTY Food Group (TSE:MTY) opened at 45.26 on Monday. The company’s 50 day moving average is $43.76 and its 200-day moving average is $40.33. The stock has a market cap of $865.37 million and a PE ratio of 31.43. MTY Food Group has a 1-year low of $27.91 and a 1-year high of $46.50.
MTY Food Group Company Profile
MTY Food Group Inc is a Canada-based company, which franchises and operates quick-service restaurants. The Company operates in four segments: Franchising, which includes revenue from royalties, supplier contributions, franchise fees, rent, and the construction and renovation of restaurants; Corporate, which includes the direct sale of prepared food to customers; Distribution, which includes distribution of raw materials to restaurants of its Valentine and Franx banners, and processing, which includes the sale of ingredients and prepared food to restaurant chains, distributors and retailers.
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