Maple Leaf Foods (MFI) to Release Quarterly Earnings on Thursday

Maple Leaf Foods (TSE:MFI) is scheduled to be releasing its earnings data before the market opens on Thursday, August 1st.

Maple Leaf Foods (TSE:MFI) last issued its earnings results on Thursday, May 2nd. The company reported C$0.19 earnings per share (EPS) for the quarter. The business had revenue of C$907.09 million for the quarter.

Shares of Maple Leaf Foods stock traded up C$0.06 during trading on Tuesday, hitting C$30.90. 17,172 shares of the company’s stock were exchanged, compared to its average volume of 214,894. The company has a quick ratio of 0.44, a current ratio of 1.39 and a debt-to-equity ratio of 35.45. The firm’s 50-day simple moving average is C$29.78. Maple Leaf Foods has a 52-week low of C$26.05 and a 52-week high of C$35.60. The company has a market cap of $3.90 billion and a PE ratio of 31.73.

In related news, Senior Officer Rory A. Mcalpine sold 3,000 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of C$33.27, for a total transaction of C$99,798.00. Following the sale, the insider now owns 20,842 shares in the company, valued at C$693,329.97. Also, Senior Officer Richard Young sold 9,600 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$31.00, for a total transaction of C$297,600.00. Following the sale, the insider now owns 240,433 shares in the company, valued at approximately C$7,453,423. In the last 90 days, insiders have sold 19,988 shares of company stock worth $644,490.

Several brokerages recently issued reports on MFI. CIBC raised their target price on shares of TransAlta from C$9.00 to C$10.00 in a report on Friday, May 3rd. BMO Capital Markets set a $66.00 price target on shares of CyrusOne and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Royal Bank of Canada set a $60.00 price target on shares of Masonite International and gave the company a “buy” rating in a research report on Friday, May 3rd.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc operates as a consumer protein company. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork, poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co, Lightlife, Field Roast Grain Meat Co, and Swift.

Further Reading: Golden Cross

Earnings History for Maple Leaf Foods (TSE:MFI)

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