Latest news with #MFB
Yahoo
26-05-2025
- Business
- Yahoo
Results: My Food Bag Group Limited Beat Earnings Expectations And Analysts Now Have New Forecasts
Investors in My Food Bag Group Limited (NZSE:MFB) had a good week, as its shares rose 6.7% to close at NZ$0.19 following the release of its annual results. Revenues were NZ$162m, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of NZ$0.03 were also better than expected, beating analyst predictions by 20%. This is an important time for investors, as they can track a company's performance in its report, look at what expert is forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analyst latest (statutory) post-earnings forecasts for next year. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Taking into account the latest results, the most recent consensus for My Food Bag Group from solitary analyst is for revenues of NZ$166.2m in 2026. If met, it would imply an okay 2.5% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to increase 5.9% to NZ$0.028. Before this earnings report, the analyst had been forecasting revenues of NZ$163.4m and earnings per share (EPS) of NZ$0.029 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analyst did make a small dip in their earnings per share forecasts. See our latest analysis for My Food Bag Group Despite cutting their earnings forecasts,the analyst has lifted their price target 12% to NZ$0.28, suggesting that these impacts are not expected to weigh on the stock's value in the long term. Of course, another way to look at these forecasts is to place them into context against the industry itself. For example, we noticed that My Food Bag Group's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 2.5% growth to the end of 2026 on an annualised basis. That is well above its historical decline of 2.3% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 3.0% per year. Although My Food Bag Group's revenues are expected to improve, it seems that the analyst is still bearish on the business, forecasting it to grow slower than the broader industry. The most important thing to take away is that the analyst downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Fortunately, the analyst also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that My Food Bag Group's revenue is expected to perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analyst believes the intrinsic value of the business is likely to improve over time. With that in mind, we wouldn't be too quick to come to a conclusion on My Food Bag Group. Long-term earnings power is much more important than next year's profits. We have analyst estimates for My Food Bag Group going out as far as 2028, and you can see them free on our platform here. And what about risks? Every company has them, and we've spotted 2 warning signs for My Food Bag Group you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
My Food Bag Group (NZSE:MFB) Is Due To Pay A Dividend Of NZ$0.01
My Food Bag Group Limited (NZSE:MFB) has announced that it will pay a dividend of NZ$0.01 per share on the 19th of June. The dividend yield will be 6.7% based on this payment which is still above the industry average. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. However, My Food Bag Group's earnings easily cover the dividend. This means that most of what the business earns is being used to help it grow. The next year is set to see EPS grow by 7.7%. If the dividend continues along recent trends, we estimate the payout ratio will be 31%, which is in the range that makes us comfortable with the sustainability of the dividend. View our latest analysis for My Food Bag Group The track record isn't the longest, but we are already seeing a bit of instability in the payments. Since 2021, the dividend has gone from NZ$0.06 total annually to NZ$0.013. Dividend payments have fallen sharply, down 78% over that time. Generally, we don't like to see a dividend that has been declining over time as this can degrade shareholders' returns and indicate that the company may be running into problems. With a relatively unstable dividend, and a poor history of shrinking dividends, it's even more important to see if EPS is growing. Over the past five years, it looks as though My Food Bag Group's EPS has declined at around 8.4% a year. Declining earnings will inevitably lead to the company paying a lower dividend in line with lower profits. It's not all bad news though, as the earnings are predicted to rise over the next 12 months - we would just be a bit cautious until this can turn into a longer term trend. Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. The payments haven't been particularly stable and we don't see huge growth potential, but with the dividend well covered by cash flows it could prove to be reliable over the short term. We would be a touch cautious of relying on this stock primarily for the dividend income. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For instance, we've picked out 2 warning signs for My Food Bag Group that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
24-05-2025
- Business
- Yahoo
My Food Bag Group (NZSE:MFB) Is Due To Pay A Dividend Of NZ$0.01
My Food Bag Group Limited (NZSE:MFB) has announced that it will pay a dividend of NZ$0.01 per share on the 19th of June. The dividend yield will be 6.7% based on this payment which is still above the industry average. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. However, My Food Bag Group's earnings easily cover the dividend. This means that most of what the business earns is being used to help it grow. The next year is set to see EPS grow by 7.7%. If the dividend continues along recent trends, we estimate the payout ratio will be 31%, which is in the range that makes us comfortable with the sustainability of the dividend. View our latest analysis for My Food Bag Group The track record isn't the longest, but we are already seeing a bit of instability in the payments. Since 2021, the dividend has gone from NZ$0.06 total annually to NZ$0.013. Dividend payments have fallen sharply, down 78% over that time. Generally, we don't like to see a dividend that has been declining over time as this can degrade shareholders' returns and indicate that the company may be running into problems. With a relatively unstable dividend, and a poor history of shrinking dividends, it's even more important to see if EPS is growing. Over the past five years, it looks as though My Food Bag Group's EPS has declined at around 8.4% a year. Declining earnings will inevitably lead to the company paying a lower dividend in line with lower profits. It's not all bad news though, as the earnings are predicted to rise over the next 12 months - we would just be a bit cautious until this can turn into a longer term trend. Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. The payments haven't been particularly stable and we don't see huge growth potential, but with the dividend well covered by cash flows it could prove to be reliable over the short term. We would be a touch cautious of relying on this stock primarily for the dividend income. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For instance, we've picked out 2 warning signs for My Food Bag Group that investors should take into consideration. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Major company overhauls operations at largest food bank in US: 'Helping them stay focused on what matters most'
The largest food bank in the U.S. is becoming more energy efficient thanks to a large technology donation. Geotab announced last month that it was donating 100 vehicle-tracking devices and access to its fleet-management software to the Midwest Food Bank. The donation will allow MFB to track the efficiency of its food-delivery vehicles in near-real time. Geotab claimed that by tracking how fast vehicles go, how much vehicles idle, and the routes drivers take, MFB will be able to boost its efficiency, lower fuel costs, and increase safety. "But more importantly, we're helping them stay focused on what matters most—delivering critical hunger relief and disaster response to the communities that need it most," Geotab Senior Vice President Sherry Calkins said in a release. Food banks are a vital resource for people facing food insecurity. A Feeding America report found that roughly 1 in 6 people in the U.S. used a hunger relief program, such as food banks and local food pantries, in 2022. The U.S. Department of Agriculture added that 13.5% of U.S. households faced food insecurity in 2023. But you may be surprised to learn how important food banks are to the environment. Roughly one-third of U.S. food, or 80 million tons, is wasted each year. Producing that food required environmental resources, and once in landfills, much of that waste will produce harmful carbon pollution. Food banks can redirect much of the food that would have otherwise gone to waste and get it in the hands of people who need it. MFB, which serves 25 states and has locations in East Africa and Haiti, rescued more than 144 million pounds of food in 2024 alone. Increasing fuel efficiency can also have huge environmental benefits. Transportation is responsible for nearly 30% of greenhouse gas emissions in the U.S., more than any other sector. Within transportation, 80% of emissions come from vehicles, including cars and trucks. Which of these groups has the biggest role to play in reducing food waste? Grocery stores Restaurants Individuals The government Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Indian Express
22-04-2025
- Indian Express
Mankhurd blaze: Toll rises to two as 25-year-old woman with 70% burns succumbs
The toll in the Mankhurd blaze rose to two on Tuesday as a 25-year-old woman, who had sustained grievous burns, succumbed to her injuries. On Monday, a 10-year-old girl was killed after a blaze erupted in Mankhurd's Mandala area. According to BMC officials, the blaze was triggered by a LPG cylinder explosion. The victims were identified as Khushi Khan (10) and Farah Khan (25). The incident was reported at 8.20 pm on Monday inside a residential unit in an internal lane at Janta Nagar near the Hanuman temple in Mandala. The Mumbai Fire Brigade (MFB) said the blaze was doused by 8.40 pm, but two members of a family residing inside the ablaze structure were injured and were taken to the civic-run Shatabdi hospital. While the 10-year-old was declared dead upon arrival at the hospital, Farah was admitted in a critical condition. As her condition deteriorated, she was taken to the civic-run Sion hospital. 'Farah had suffered up to 70 per cent burns,' a civic official said. Although the blaze was minor, locals said fire engines faced difficulties navigating the narrow lanes of the area, which have also been dug up.
