Empire Company Limited (EMP.A) To Go Ex-Dividend on July 15th

Empire Company Limited (TSE:EMP.A) declared a quarterly dividend on Wednesday, July 15th, TickerTech Dividends reports. Shareholders of record on Friday, July 31st will be paid a dividend of 0.2425 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, July 15th. This is a 10.2% increase from Empire’s previous quarterly dividend of $0.22.

Empire Price Performance

EMP.A opened at C$49.02 on Monday. The company has a debt-to-equity ratio of 135.51, a current ratio of 0.79 and a quick ratio of 0.29. Empire has a 12 month low of C$43.81 and a 12 month high of C$58.32. The stock has a market capitalization of C$11.03 billion, a P/E ratio of 57.00, a P/E/G ratio of 16.20 and a beta of -0.22. The business has a 50 day simple moving average of C$48.50 and a 200-day simple moving average of C$48.16.

Empire (TSE:EMP.A) last announced its quarterly earnings data 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 firm had revenue of C$7.81 billion during the quarter. On average, equities analysts anticipate that Empire will post 2.9581227 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on EMP.A. Desjardins boosted their target price on Empire from C$53.00 to C$56.00 and gave the stock a “buy” rating in a research report on Sunday, June 21st. TD lifted their price target on Empire from C$50.00 to C$53.00 and gave the stock a “hold” rating in a research note on Friday, June 19th. National Bank Financial boosted their price objective on shares of 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. Scotiabank cut shares of Empire from an “outperform” rating to a “sector perform” rating and set a C$52.00 price objective on the stock. in a research note on Thursday, April 9th. Finally, Royal Bank Of Canada raised their target price 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. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Empire presently has an average rating of “Hold” and a consensus target price of C$54.57.

About Empire

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.