North West (TSE:NWC) Issues Quarterly Earnings Results

North West (TSE:NWC) issued its earnings results on Tuesday. The company reported C$0.76 EPS for the quarter, FiscalAI reports. North West had a return on equity of 17.50% and a net margin of 5.40%.The business had revenue of C$681.96 million for the quarter.

North West Stock Performance

Shares of NWC opened at C$52.95 on Thursday. The firm has a market capitalization of C$2.51 billion, a P/E ratio of 18.26, a PEG ratio of 1.11 and a beta of -0.01. The company has a debt-to-equity ratio of 57.00, a current ratio of 1.84 and a quick ratio of 0.64. North West has a one year low of C$44.63 and a one year high of C$56.77. The business has a fifty day moving average of C$50.00 and a 200 day moving average of C$51.56.

North West Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a $0.41 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.64 annualized dividend and a dividend yield of 3.1%. North West’s payout ratio is presently 56.21%.

Analysts Set New Price Targets

NWC has been the subject of several research analyst reports. BMO Capital Markets reduced their price objective on North West from C$63.00 to C$59.00 and set an “outperform” rating for the company in a report on Thursday, June 11th. Canadian Imperial Bank of Commerce dropped their price target on shares of North West from C$63.00 to C$58.00 and set an “outperform” rating on the stock in a report on Thursday, June 11th. TD Securities upgraded shares of North West to a “strong-buy” rating in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada reduced their price target on shares of North West from C$63.00 to C$61.00 and set an “outperform” rating for the company in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$59.33.

About North West

The North West Company Inc, through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 230 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.6 billion.