Scotiabank Has Pessimistic View of TSE:MFI FY2027 Earnings

Maple Leaf Foods Inc. (TSE:MFI) – Research analysts at Scotiabank decreased their FY2027 earnings per share (EPS) estimates for shares of Maple Leaf Foods in a report issued on Wednesday, August 19th. Scotiabank analyst J. Zamparo now expects that the company will post earnings of $1.77 per share for the year, down from their previous estimate of $1.91. Scotiabank currently has a “Sector Outperform” rating and a $33.00 price target on the stock. The consensus estimate for Maple Leaf Foods’ current full-year earnings is $1.43 per share.

A number of other research analysts have also commented on the company. Canadian Imperial Bank of Commerce set a C$36.00 price objective on Maple Leaf Foods and gave the company an “outperformer” rating in a report on Monday, July 27th. Scotia lifted their price target on shares of Maple Leaf Foods from C$32.00 to C$36.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. Stifel Nicolaus set a C$36.00 target price on shares of Maple Leaf Foods and gave the company a “buy” rating in a research note on Thursday, July 9th. Royal Bank Of Canada upped their price target on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Desjardins set a C$39.00 price target on Maple Leaf Foods and gave the company a “buy” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$36.33.

Maple Leaf Foods Price Performance

Shares of TSE:MFI opened at C$26.87 on Friday. Maple Leaf Foods has a fifty-two week low of C$23.35 and a fifty-two week high of C$36.35. The business has a 50-day moving average of C$29.28 and a two-hundred day moving average of C$29.06. The stock has a market capitalization of C$3.35 billion, a P/E ratio of 6.60, a P/E/G ratio of 18.07 and a beta of 0.32. The company has a debt-to-equity ratio of 97.47, a current ratio of 1.56 and a quick ratio of 0.54.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Wednesday, August 12th. The company reported C$0.44 EPS for the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. The firm had revenue of C$1.02 billion for the quarter.

Maple Leaf Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.84 annualized dividend and a yield of 3.1%. Maple Leaf Foods’s dividend payout ratio is 20.88%.

Insider Buying and Selling at Maple Leaf Foods

In other news, Director Curtis Eugene Frank sold 96,191 shares of Maple Leaf Foods stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$29.25, for a total transaction of C$2,813,586.75. Following the sale, the director directly owned 101,469 shares in the company, valued at approximately C$2,967,968.25. The trade was a 48.66% decrease in their position. Also, insider Randall Huffman sold 5,075 shares of the stock in a transaction dated Monday, May 25th. The stock was sold at an average price of C$29.45, for a total transaction of C$149,458.75. Following the sale, the insider owned 89,044 shares of the company’s stock, valued at C$2,622,345.80. This trade represents a 5.39% decrease in their position. 39.87% of the stock is owned by company insiders.

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.