FY2019 EPS Estimates for MTY Food Group Inc. (MTY) Increased by National Bank Financial
MTY Food Group Inc. (TSE:MTY) – Stock analysts at National Bank Financial increased their FY2019 earnings per share estimates for shares of MTY Food Group in a research note issued on Tuesday. National Bank Financial analyst L. Aghazarian now forecasts that the company will earn $3.07 per share for the year, up from their previous estimate of $3.06.
Other equities analysts have also recently issued research reports about the company. Acumen Capital raised their target price on MTY Food Group from C$52.75 to C$55.00 and gave the stock a “buy” rating in a report on Wednesday. Scotiabank raised their target price on MTY Food Group from C$50.00 to C$52.00 and gave the stock a “sector perform” rating in a report on Wednesday.
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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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