MTY Food Group Inc Expected to Earn FY2017 Earnings of $2.37 Per Share (MTY)
MTY Food Group Inc (TSE:MTY) – Analysts at National Bank Financial dropped their FY2017 EPS estimates for MTY Food Group in a research report issued to clients and investors on Tuesday. National Bank Financial analyst L. Aghazarian now forecasts that the company will post earnings per share of $2.37 for the year, down from their prior estimate of $2.48.
Other equities analysts also recently issued reports about the company. Scotiabank raised their price objective on 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. TD Securities dropped their price objective on MTY Food Group from C$48.00 to C$46.00 and set a “hold” rating for the company in a research note on Tuesday, July 11th.
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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