Scotiabank Decreases Earnings Estimates for Maple Leaf Foods

Maple Leaf Foods Inc. (TSE:MFI) – Equities research analysts at Scotiabank decreased their FY2026 earnings per share estimates for shares of Maple Leaf Foods in a note issued to investors on Wednesday, August 19th. Scotiabank analyst J. Zamparo now expects that the company will earn $1.59 per share for the year, down from their prior estimate of $1.70. Scotiabank currently has a “Sector Outperform” rating and a $33.00 target price 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 posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.44 earnings per share for the quarter. The firm had revenue of C$1.02 billion for the quarter. Maple Leaf Foods had a return on equity of 36.83% and a net margin of 13.08%.

MFI has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce set a C$36.00 price target on shares of Maple Leaf Foods and gave the company an “outperformer” rating in a report on Monday, July 27th. Ventum Capital upped their target price on shares of Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Canaccord Genuity Group dropped their target price on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Stifel Nicolaus set a C$36.00 price target on shares of Maple Leaf Foods and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, National Bank Financial reduced their price target on shares of Maple Leaf Foods from C$36.00 to C$34.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat.com, Maple Leaf Foods has an average rating of “Buy” and an average price target of C$36.33.

Maple Leaf Foods Price Performance

Shares of TSE MFI opened at C$26.88 on Monday. The firm has a market capitalization of C$3.35 billion, a P/E ratio of 6.60, a PEG ratio of 18.07 and a beta of 0.32. Maple Leaf Foods has a one year low of C$23.35 and a one year high of C$36.35. The company’s fifty day moving average is C$29.12 and its two-hundred day moving average is C$29.07. The company has a debt-to-equity ratio of 97.47, a quick ratio of 0.54 and a current ratio of 1.56.

Maple Leaf Foods Announces Dividend

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

About Maple Leaf Foods

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.