FY2018 EPS Estimates for Empire Company Limited Boosted by National Bank Financial (EMP)

Empire Company Limited (TSE:EMP) – Equities research analysts at National Bank Financial lifted their FY2018 earnings per share estimates for shares of Empire in a report released on Wednesday. National Bank Financial analyst now anticipates that the company will earn $1.19 per share for the year, up from their prior forecast 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 announced its earnings results on Wednesday, December 13th. The company reported C$0.27 EPS for the quarter, beating the consensus estimate of C$0.25 by C$0.02. Empire had a negative return on equity of 2.58% and a negative net margin of 0.31%. The business had revenue of C$6.03 billion during the quarter, compared to the consensus estimate of C$6.09 billion.

Shares of Empire (TSE EMP) opened at C$24.53 on Friday. Empire has a fifty-two week low of C$17.43 and a fifty-two week high of C$26.34. The company has a market capitalization of $6,660.00, a price-to-earnings ratio of 57.05 and a beta of -0.27.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, April 12th.

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About Empire

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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