North West (TSE:NWC) Releases Earnings Results

North West (TSE:NWC) issued its earnings results on Tuesday. The company reported C$0.56 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$631.63 million for the quarter. North West had a return on equity of 17.82% and a net margin of 5.37%.

North West Stock Down 4.1%

TSE NWC traded down C$2.03 during trading on Thursday, reaching C$47.80. The company’s stock had a trading volume of 475,680 shares, compared to its average volume of 155,377. The stock has a market capitalization of C$2.27 billion, a PE ratio of 16.66, a PEG ratio of 1.11 and a beta of 0.00. The business has a 50-day moving average price of C$52.01 and a 200-day moving average price of C$51.66. The company has a current ratio of 2.10, a quick ratio of 0.64 and a debt-to-equity ratio of 54.91. North West has a 1-year low of C$44.63 and a 1-year high of C$56.77.

North West Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 24th were issued a $0.41 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.4%. North West’s dividend payout ratio is currently 56.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NWC shares. TD Securities upgraded North West to a “strong-buy” rating in a report on Wednesday, May 20th. Royal Bank Of Canada decreased their target price on North West from C$63.00 to C$61.00 and set an “outperform” rating on the stock in a report on Thursday. BMO Capital Markets decreased their price objective on shares of North West from C$63.00 to C$59.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce lowered their price objective on shares of North West from C$63.00 to C$58.00 and set an “outperform” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$59.33.

North West Company Profile

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company’s revenue. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International.