Empire (TSE:EMP) Forecasted to Earn FY2018 Earnings of $1.19 Per Share

Empire (TSE:EMP) – Investment analysts at National Bank Financial raised their FY2018 EPS estimates for Empire in a report released on Wednesday, March 14th, according to Zacks Investment Research. National Bank Financial analyst now expects that the company will earn $1.19 per share for the year, up from their prior estimate of $1.05. National Bank Financial also issued estimates for Empire’s Q4 2018 earnings at $0.26 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.39 EPS, Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $1.47 EPS.

Empire (TSE:EMP) last released its quarterly earnings results on Wednesday, March 14th. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.25 by C$0.08. The firm had revenue of C$6.03 billion for the quarter, compared to the consensus estimate of C$5.98 billion. Empire had a negative return on equity of 2.58% and a negative net margin of 0.31%.

Shares of TSE:EMP traded down C$0.04 during midday trading on Friday, reaching C$24.85. The company had a trading volume of 10,904 shares, compared to its average volume of 16,271. Empire has a 1-year low of C$22.38 and a 1-year high of C$25.49.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, April 12th.

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Empire Company Profile

Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.

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Earnings History and Estimates for Empire (TSE:EMP)

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