Empire Company Limited (TSE:EMP.A - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$48.68 and traded as high as C$49.78. Empire shares last traded at C$49.32, with a volume of 486,695 shares.
Wall Street Analysts Forecast Growth
EMP.A has been the subject of a number of recent analyst reports. Desjardins boosted their price objective on Empire from C$53.00 to C$56.00 and gave the company a "buy" rating in a report on Sunday, June 21st. National Bank Financial lifted their target price on Empire from C$54.00 to C$55.00 and gave the stock a "sector perform" rating in a research report on Monday, June 15th. BMO Capital Markets raised shares of Empire from a "market perform" rating to an "outperform" rating and set a C$58.00 price target on the stock in a research note on Monday, July 20th. Royal Bank Of Canada lifted their price objective on shares of Empire from C$55.00 to C$58.00 and gave the company a "sector perform" rating in a report on Friday, June 19th. Finally, TD boosted their price objective on shares of Empire from C$50.00 to C$53.00 and gave the company a "hold" rating in a research report on Friday, June 19th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$55.00.
Read Our Latest Stock Report on EMP.A
Empire Price Performance
The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51. The stock has a market cap of C$11.04 billion, a price-to-earnings ratio of 57.35, a PEG ratio of 16.20 and a beta of -0.20. The stock has a 50-day moving average price of C$49.86 and a two-hundred day moving average price of C$48.68.
Empire (TSE:EMP.A - Get Free Report) last released its earnings results on Thursday, June 18th. The company reported C$0.94 EPS for the quarter. Empire had a net margin of 2.18% and a return on equity of 12.94%. The company had revenue of C$7.81 billion during the quarter. As a group, equities research analysts forecast that Empire Company Limited will post 2.9581227 EPS for the current year.
Empire Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were issued a $0.2425 dividend. This is a boost from Empire's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, July 15th. This represents a $0.97 annualized dividend and a yield of 2.0%. Empire's dividend payout ratio is currently 102.33%.
Empire Company Profile
(
Get Free Report)
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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