Empire (EMLAF) Projected to Announce Quarterly Earnings on Thursday

Empire (OTCMKTS:EMLAF) is projected to post its results before the market opens on Thursday, September 10th. Analysts expect Empire to announce earnings of $0.74 per share and revenue of $6.0884 billion for the quarter.

Empire Stock Performance

Shares of EMLAF stock opened at $34.55 on Wednesday. Empire has a fifty-two week low of $32.56 and a fifty-two week high of $37.81. The stock’s 50-day simple moving average is $35.16 and its 200-day simple moving average is $35.21.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Empire in a research note on Friday, June 19th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Empire in a research note on Saturday, June 20th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Empire in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Empire Company Profile

Empire Company Limited trades on the OTC Pink under the symbol EMLAF. It is a leading Canadian food retailer and distributor, operating a network of more than 1,500 locations across all provinces. The company’s retail segment includes national and regional banners such as Sobeys, Safeway (Western Canada), FreshCo, IGA (Quebec), Foodland (Atlantic Canada), Thrifty Foods and Price Chopper (Ontario). Through its wholesale division, Empire serves independent grocers and franchises markets under the Empire Wholesale Club and other distribution outlets.

In addition to traditional supermarket operations, Empire has expanded its digital and e-commerce capabilities, offering online grocery ordering and home delivery services to meet shifting consumer preferences.