MTY Food Group Inc (MTY) to Post FY2017 Earnings of $2.48 Per Share, National Bank Financial Forecasts
MTY Food Group Inc (TSE:MTY) – Equities researchers at National Bank Financial increased their FY2017 earnings per share estimates for MTY Food Group in a research report issued on Monday. National Bank Financial analyst L. Aghazarian now anticipates that the company will post earnings of $2.48 per share for the year, up from their prior estimate of $2.38. National Bank Financial also issued estimates for MTY Food Group’s Q4 2017 earnings at $0.74 EPS, FY2018 earnings at $2.66 EPS and FY2019 earnings at $3.06 EPS.
MTY has been the topic of several other reports. TD Securities cut their price objective on shares of MTY Food Group from C$48.00 to C$46.00 and set a “hold” rating on the stock in a research report on Tuesday, July 11th. Scotiabank raised their target price on shares of MTY Food Group from C$48.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 11th.
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MTY Food Group (TSE:MTY) opened at 47.94 on Thursday. MTY Food Group has a 12 month low of $44.05 and a 12 month high of $53.20. The firm’s 50-day moving average is $47.66 and its 200 day moving average is $47.32. The firm has a market capitalization of $1.02 billion and a price-to-earnings ratio of 16.09.
About MTY Food Group
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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