Empire (TSE:EMP.A) Releases Quarterly Earnings Results

Empire (TSE:EMP.A – Get Free Report) released its quarterly earnings data on Thursday. The company reported C$0.94 EPS for the quarter, FiscalAI reports. Empire had a return on equity of 12.94% and a net margin of 2.18%.The company had revenue of C$7.81 billion for the quarter.

Empire Stock Down 0.3%

EMP.A stock opened at C$49.33 on Thursday. Empire has a twelve month low of C$43.81 and a twelve month high of C$58.32. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 135.51. The stock has a market cap of C$11.18 billion, a P/E ratio of 73.63, a PEG ratio of 16.20 and a beta of -0.20. The business’s 50-day moving average price is C$47.79 and its 200-day moving average price is C$48.08.

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Empire Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, April 15th. Empire’s payout ratio is presently 128.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EMP.A shares. National Bank Financial increased their price objective on Empire from C$54.00 to C$55.00 and gave the company a “sector perform” rating in a research report on Monday. Desjardins set a C$53.00 target price on Empire and gave the stock a “buy” rating in a research report on Monday. Finally, Scotiabank cut Empire from an “outperform” rating to a “sector perform” rating and set a C$52.00 target price on the stock. in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$53.00.

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Empire Company Profile

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Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire’s subsidiary Sobeys and represents nearly all of the company’s income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, and multiple retail fuel locations. The company’s investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.

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