Empire Expected to Post FY2019 Earnings of $1.60 Per Share (EMP)

Empire (TSE:EMP) – Equities research analysts at Desjardins increased their FY2019 EPS estimates for Empire in a report released on Tuesday, September 11th, according to Zacks Investment Research. Desjardins analyst K. Howlett now expects that the company will post earnings of $1.60 per share for the year, up from their prior forecast of $1.56. Desjardins has a “Hold” rating on the stock.

Empire (TSE:EMP) last announced its quarterly earnings data on Thursday, September 13th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.05). Empire had a negative net margin of 0.31% and a negative return on equity of 2.58%. The firm had revenue of C$6.46 billion during the quarter.

Empire stock traded up C$0.15 during mid-day trading on Thursday, reaching C$24.39. The company had a trading volume of 100 shares, compared to its average volume of 13,962. Empire has a fifty-two week low of C$23.00 and a fifty-two week high of C$25.49.

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.

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Earnings History and Estimates for Empire (TSE:EMP)

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