Weis Markets (NYSE:WMK - Get Free Report) announced its earnings results on Wednesday. The company reported $0.76 earnings per share (EPS) for the quarter, Zacks reports. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%. The business had revenue of $1.20 billion for the quarter.
Weis Markets Trading Down 0.0%
Shares of Weis Markets stock traded down $0.04 during trading hours on Friday, reaching $80.75. 130,556 shares of the company's stock were exchanged, compared to its average volume of 93,214. The stock has a market cap of $2.17 billion, a P/E ratio of 22.68 and a beta of 0.55. The company has a 50 day moving average of $80.59 and a two-hundred day moving average of $73.46. Weis Markets has a fifty-two week low of $60.93 and a fifty-two week high of $90.23.
Weis Markets Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a dividend of $0.34 per share. The ex-dividend date is Monday, May 12th. This represents a $1.36 annualized dividend and a yield of 1.68%. Weis Markets's dividend payout ratio (DPR) is presently 34.09%.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a report on Thursday.
View Our Latest Research Report on Weis Markets
About Weis Markets
(
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Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.
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