The National Bank Financial Analysts Cut Earnings Estimates for MTY Food Group Inc. (MTY)

The National Bank Financial Analysts Cut Earnings Estimates for MTY Food Group Inc. (MTY)

MTY Food Group Inc. (TSE:MTY) – Investment analysts at National Bank Financial decreased their FY2016 earnings per share estimates for MTY Food Group in a report issued on Wednesday. National Bank Financial analyst L. Aghazarian now forecasts that the firm will earn $1.99 per share for the year, down from their previous estimate of $2.15. National Bank Financial currently has a “Sector Perform” rating and a $51.00 target price on the stock. National Bank Financial also issued estimates for MTY Food Group’s FY2018 earnings at $2.79 EPS.

Separately, Scotiabank restated an “outperform” rating and issued a C$49.00 price target on shares of MTY Food Group in a research note on Thursday, October 13th.

MTY Food Group (TSE:MTY) opened at 48.45 on Monday. The company has a market cap of $970.31 million and a PE ratio of 26.12. The company has a 50-day moving average price of $45.01 and a 200 day moving average price of $41.24. MTY Food Group has a 12-month low of $27.91 and a 12-month high of $49.03.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 16th. Investors of record on Wednesday, November 16th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Monday, October 31st. This represents a $0.46 annualized dividend and a yield of 0.95%.

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