National Bank Financial Brokers Boost Earnings Estimates for Empire (EMP)

Empire (TSE:EMP) – Investment analysts at National Bank Financial upped their Q1 2019 earnings per share estimates for shares of Empire in a report issued on Thursday, June 28th. National Bank Financial analyst now forecasts that the company will post earnings per share of $0.42 for the quarter, up from their previous estimate of $0.40. National Bank Financial also issued estimates for Empire’s Q2 2019 earnings at $0.34 EPS, FY2019 earnings at $1.52 EPS, Q1 2020 earnings at $0.57 EPS, Q2 2020 earnings at $0.49 EPS, Q3 2020 earnings at $0.53 EPS and Q4 2020 earnings at $0.53 EPS.

Separately, Desjardins restated a “hold” rating on shares of Empire in a research note on Thursday, May 31st.

Shares of Empire opened at C$24.39 on Monday, Marketbeat Ratings reports. Empire has a 1 year low of C$23.00 and a 1 year high of C$25.49.

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.

Earnings History and Estimates for Empire (TSE:EMP)

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