MTY Food Group (TSE:MTY) Posts Earnings Results, Misses Expectations By $0.12 EPS

MTY Food Group (TSE:MTY) issued its quarterly earnings results on Friday. The company reported C$0.71 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.12), reports. The company had revenue of C$278.64 million during the quarter, compared to analyst estimates of C$263.20 million. MTY Food Group had a return on equity of 13.23% and a net margin of 8.86%.

MTY Food Group Price Performance

Shares of TSE:MTY opened at C$45.16 on Monday. The company’s fifty day moving average is C$51.92 and its two-hundred day moving average is C$53.28. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 154.98. MTY Food Group has a 12-month low of C$44.48 and a 12-month high of C$68.60. The company has a market cap of C$1.09 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 0.75 and a beta of 1.98.

MTY Food Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, May 2nd. MTY Food Group’s dividend payout ratio (DPR) is currently 24.24%.

Analyst Upgrades and Downgrades

MTY has been the subject of a number of research analyst reports. Scotiabank reduced their price target on shares of MTY Food Group from C$62.00 to C$55.00 and set a “sector perform” rating for the company in a research note on Friday, February 16th. Acumen Capital upped their price target on shares of MTY Food Group from C$60.00 to C$75.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. TD Securities reduced their price target on shares of MTY Food Group from C$65.00 to C$60.00 and set a “hold” rating for the company in a research note on Friday, February 16th. National Bankshares cut their target price on shares of MTY Food Group from C$71.00 to C$59.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. Finally, Royal Bank of Canada dropped their price target on MTY Food Group from C$66.00 to C$48.00 and set a “sector perform” rating on the stock in a report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$59.86.

MTY Food Group Company Profile

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.