Scotiabank Issues Pessimistic Forecast for TSE:MFI Earnings

Maple Leaf Foods Inc. (TSE:MFI) – Equities research analysts at Scotiabank lowered their FY2026 earnings per share estimates for shares of Maple Leaf Foods in a report released on Wednesday, November 11th. Scotiabank analyst J. Zamparo now forecasts that the company will earn $1.52 per share for the year, down from their previous estimate of $1.59. Scotiabank has a “Hold” rating and a $33.00 price objective on the stock. The consensus estimate for Maple Leaf Foods’ current full-year earnings is $1.43 per share. Scotiabank also issued estimates for Maple Leaf Foods’ FY2027 earnings at $1.70 EPS.

A number of other research firms have also recently commented on MFI. Desjardins dropped their target price on Maple Leaf Foods from C$36.00 to C$33.00 and set a “buy” rating on the stock in a research report on Thursday, November 5th. Canaccord Genuity Group reduced their price target on Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Ventum Capital dropped their price objective on Maple Leaf Foods from C$37.00 to C$35.00 and set a “buy” rating on the stock in a report on Wednesday, October 21st. National Bank Financial dropped their price objective on Maple Leaf Foods from C$34.00 to C$29.00 and set an “outperform” rating on the stock in a report on Wednesday, October 14th. Finally, TD cut their price objective on Maple Leaf Foods from C$36.00 to C$35.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Maple Leaf Foods has an average rating of “Buy” and a consensus price target of C$34.45.

Maple Leaf Foods Stock Performance

Shares of TSE MFI opened at C$27.26 on Friday. The company’s fifty day moving average price is C$26.07 and its 200 day moving average price is C$28.12. Maple Leaf Foods has a 1 year low of C$23.70 and a 1 year high of C$31.87. The company has a market capitalization of C$3.39 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 18.07 and a beta of 0.39. The company has a debt-to-equity ratio of 89.90, a quick ratio of 0.54 and a current ratio of 1.41.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Wednesday, November 4th. The company reported C$0.36 earnings per share for the quarter. Maple Leaf Foods had a net margin of 12.48% and a return on equity of 37.16%. The firm had revenue of C$1.03 billion during the quarter.

Insider Buying and Selling

In other news, Director Andrew Gordon Macdonald bought 10,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were acquired at an average price of C$26.78 per share, for a total transaction of C$267,800.00. Following the completion of the transaction, the director directly owned 72,200 shares in the company, valued at C$1,933,516. The trade was a 16.08% increase in their position. Company insiders own 39.87% of the company’s stock.

Maple Leaf Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Maple Leaf Foods’s payout ratio is currently 20.92%.

About Maple Leaf Foods

Maple Leaf Foods (TSX: MFI) is a purpose-driven, protein-focused, brand-led consumer packaged goods company headquartered in Mississauga, Ontario. It proudly produces responsibly made, delicious food under powerhouse brands that include Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Maple Leaf Mighty Protein, Musafir, Schneiders, Mina Halal, Greenfield Natural Meat Co., LightLife, Field Roast, and Yves Veggie Cuisine. Committed to Raising the Good in Food and bringing customers protein with purpose, Maple Leaf Foods delivers shared value for all its stakeholders by leading the way in safety and sustainability, building loved brands, operating with excellence, developing extraordinary talent, and broadening its impact through innovation and geographic reach.