Scotiabank Has Bullish Estimate for TSE:MFI FY2027 Earnings

Maple Leaf Foods Inc. (TSE:MFI) – Stock analysts at Scotiabank upped their FY2027 earnings per share estimates for Maple Leaf Foods in a research note issued on Thursday, May 14th. Scotiabank analyst J. Zamparo now expects that the company will post earnings of $1.91 per share for the year, up from their prior estimate of $1.76. Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for Maple Leaf Foods’ current full-year earnings is $1.43 per share.

Maple Leaf Foods (TSE:MFI) last announced its earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share (EPS) for the quarter. The company had revenue of C$962.85 million for the quarter. Maple Leaf Foods had a return on equity of 36.56% and a net margin of 12.44%.

Several other brokerages have also weighed in on MFI. Scotia raised their price objective on shares of Maple Leaf Foods from C$32.00 to C$36.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. Royal Bank Of Canada increased their price target on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Canaccord Genuity Group lifted their price target on Maple Leaf Foods from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Stifel Nicolaus upped their price objective on Maple Leaf Foods from C$35.00 to C$36.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, National Bank Financial increased their target price on Maple Leaf Foods from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$36.09.

Maple Leaf Foods Stock Up 0.4%

Shares of TSE:MFI opened at C$27.93 on Friday. The firm has a market cap of C$3.48 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 18.07 and a beta of 0.54. The company has a fifty day simple moving average of C$29.33 and a 200 day simple moving average of C$27.04. The company has a current ratio of 1.34, a quick ratio of 0.54 and a debt-to-equity ratio of 91.78. Maple Leaf Foods has a 12-month low of C$23.35 and a 12-month high of C$36.35.

Maple Leaf Foods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.0%. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 9th. Maple Leaf Foods’s dividend payout ratio is currently 20.90%.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.