Should I buy or sell Empire stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Empire in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EMP.A shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EMP.A, but not buy additional shares or sell existing shares. View EMP.A analyst ratings or view top-rated stocks .

What is Empire's stock price target for 2024?

7 brokers have issued twelve-month price targets for Empire's shares. Their EMP.A share price targets range from C$35.00 to C$43.00. On average, they anticipate the company's share price to reach C$38.86 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price. View analysts price targets for EMP.A or view top-rated stocks among Wall Street analysts .

How have EMP.A shares performed in 2024?

Empire's stock was trading at C$35.05 at the beginning of the year. Since then, EMP.A stock has decreased by 9.3% and is now trading at C$31.80. View the best growth stocks for 2024 here .

How often does Empire pay dividends? What is the dividend yield for Empire?

Empire announced a quarterly dividend on Friday, April 12th. Investors of record on Tuesday, April 30th will be given a dividend of 0.1825 per share on Tuesday, April 30th. This represents a $0.73 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, April 12th. Read our dividend analysis for EMP.A .

Is Empire a good dividend stock?

Empire (TSE:EMP.A) pays an annual dividend of C$0.73 per share and currently has a dividend yield of 2.21%. The dividend payout ratio is 24.17%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for EMP.A .

How do I buy shares of Empire?

Shares of EMP.A stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:EMP.A

Empire (EMP.A) Stock Price, News & Analysis

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C$31.80

+0.13 (+0.41%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$31.50
▼
C$31.93
50-Day Range: C$31.67
▼
C$34.97
52-Week Range: C$31.45
▼
C$40.69

Volume: 266,490 shs
Average Volume: 422,326 shs
Market Capitalization: C$4.64 billion

P/E Ratio: 10.53
Dividend Yield: 2.30%
Price Target: C$38.86

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

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Empire MarketRank™ Stock Analysis

Analyst Rating: Hold
2.43 Rating Score
Upside/Downside: 22.2% Upside
C$38.86 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.03
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.76 out of 5 stars

3.2

Analyst's Opinion

Consensus Rating
Empire has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Empire has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for EMP.A.

1.7

Dividend Strength

Dividend Yield
Empire pays a meaningful dividend of 2.21%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Empire does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Empire is 24.17%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EMP.A.

1.1

News and Social Media Coverage

News Sentiment
Empire has a news sentiment score of -0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.30 average news sentiment score of Consumer Defensive companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Empire this week, compared to 2 articles on an average week.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Empire insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.96% of the stock of Empire is held by insiders.
Percentage Held by Institutions
42.93% of the stock of Empire is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Empire is 10.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of Empire is 10.53, which means that it is trading at a less expensive P/E ratio than the Consumer Defensive sector average P/E ratio of about 242.87.
Price to Earnings Growth Ratio
Empire has a PEG Ratio of 16.20. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Empire has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Empire Stock (TSE:EMP.A)

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations. It also owns interest in Crombie Real Estate Investment Trust, an open-ended Canadian real estate investment trust to sell and leaseback a portfolio of 19 retail properties; and various equity accounted interests in Genstar real estate partnerships that develop residential real estate properties in Ontario, Western Canada, and the United States. The company was founded in 1907 and is headquartered in Stellarton, Canada.

EMP.A Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EMP.A Stock News Headlines

April 18, 2024 | americanbankingnews.com

Empire Company Limited (TSE:EMP.A) Given Consensus Recommendation of "Hold" by Brokerages

April 17, 2024 | msn.com

Empire State Building honors USA Olympians and Paralympians 100 days before Summer Games

April 18, 2024 | DTI (Ad)

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April 17, 2024 | morningstar.com

Empire Co Ltd Registered Shs -A- Non Vtg EMP.A

April 16, 2024 | markets.businessinsider.com

Empire Communities Corp. Commences Tender Offer for Any and All 7.000% Senior Notes Due 2025

April 15, 2024 | seekingalpha.com

EMP.A:CA News

April 13, 2024 | msn.com

Empire Foods takes over former Walmart in Brooklyn Center

April 7, 2024 | finance.yahoo.com

Here's What We Like About Empire's (TSE:EMP.A) Upcoming Dividend

April 18, 2024 | DTI (Ad)

Don’t expose yourself to stocks during the week

April 3, 2024 | ca.news.yahoo.com

Carbon tax protesters across Canada make their dissatisfaction heard

April 2, 2024 | msn.com

Supporting a Grocery Code of Conduct Sends Empire Co (TSE:EMP.A) Down

April 1, 2024 | msn.com

Empire of Light Streaming: Watch & Stream Online via Hulu

March 29, 2024 | yahoo.com

When Reality TV Empires Collide: Kyle and Mauricio Are Having a Separation-Off

March 28, 2024 | msn.com

See new art-filled apartments in Armory Square building that housed Empire Brewing (photos)

March 28, 2024 | msn.com

Empire of the Ants Preview: Explore a Weird (and Photorealistic) Insect Kingdom

March 27, 2024 | reuters.com

Baltimore bridge collapse: What happened and what do we know about the ship?

March 26, 2024 | ca.finance.yahoo.com

Stocks in play: Empire Company

March 17, 2024 | uk.finance.yahoo.com

Empire Third Quarter 2024 Earnings: Misses Expectations

March 15, 2024 | theglobeandmail.com

Empowering Lives: The Trusted Support of ABI Resources in Brain Injury Recovery

March 15, 2024 | theglobeandmail.com

Sobeys parent sees comparable sales growth, declining adjusted profits as shoppers feel inflation

March 14, 2024 | msn.com

Sobeys parent sees earnings rise 8.5 per cent as shoppers continue seeking deals

March 14, 2024 | ca.finance.yahoo.com

Grocer Empire records $134.2M in Q3 net earnings, up 8.5% from year ago

March 14, 2024 | finance.yahoo.com

Empire Reports Fiscal 2024 Third Quarter Results

March 13, 2024 | markets.businessinsider.com

Empire Yachts Sets Sail with Exclusive Themed Cruise Nights

March 3, 2024 | finance.yahoo.com

Is There An Opportunity With Empire Company Limited's (TSE:EMP.A) 25% Undervaluation?

February 29, 2024 | ca.finance.yahoo.com

MEDIA ADVISORY - Empire Company Limited Advisory of Q3 Fiscal 2024 Results Conference Call

February 23, 2024 | msn.com

Opinion: Who is winning? Gen. Petraeus on Ukraine war, two years in

See More Headlines

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Company Calendar

Ex-Dividend for 1/31 Dividend: 1/12/2024
Dividend Payable: 1/31/2024
Ex-Dividend for 4/30 Dividend: 4/12/2024
Today: 4/17/2024
Dividend Payable: 4/30/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Consumer Defensive
Industry: Grocery Stores
Sub-Industry: N/A
Current Symbol: TSE:EMP.A
CUSIP: N/A
CIK: N/A
Web: www.empireco.ca
Phone: +1-902-7554440
Fax: N/A
Employees: 125,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$38.86
High Stock Price Target: C$43.00
Low Stock Price Target: C$35.00
Potential Upside/Downside: +22.2%
Consensus Rating: Hold
Rating Score (0-4): 2.43
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.02
Trailing P/E Ratio: 10.53
Forward P/E Ratio: 10.63
P/E Growth: 16.2
Net Income: C$759.20 million
Net Margins: 2.46%
Pretax Margin: N/A
Return on Equity: 14.81%
Return on Assets: 4.47%

Debt

Debt-to-Equity Ratio: 133.75
Current Ratio: 0.80
Quick Ratio: 0.29

Sales & Book Value

Annual Sales: C$30.82 billion
Price / Sales: 0.15
Cash Flow: C$1.25 per share
Price / Cash Flow: 25.50
Book Value: C$21.72 per share
Price / Book: 1.46

Miscellaneous

Outstanding Shares: 145,980,000
Free Float: N/A
Market Cap: C$4.64 billion
Optionable: Not Optionable
Beta: 0.47

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Key Executives

Mr. Michael Bennett Medline (Age 56)
CEO, Pres & Director
Mr. Michael H. Vels (Age 57)
CFO & Exec. VP
Mr. Clinton David Keay
Exec. VP of Technology & Transformation Management
Mr. Simon Gagné
Exec. VP of HR
Ms. Lyne Castonguay
Exec. VP of Store Experience

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

EMP.A Stock Analysis - Frequently Asked Questions

Should I buy or sell Empire stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Empire in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EMP.A shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EMP.A, but not buy additional shares or sell existing shares.
View EMP.A analyst ratings or view top-rated stocks.
What is Empire's stock price target for 2024?: 7 brokers have issued twelve-month price targets for Empire's shares. Their EMP.A share price targets range from C$35.00 to C$43.00. On average, they anticipate the company's share price to reach C$38.86 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price.
View analysts price targets for EMP.A or view top-rated stocks among Wall Street analysts.
How have EMP.A shares performed in 2024?: Empire's stock was trading at C$35.05 at the beginning of the year. Since then, EMP.A stock has decreased by 9.3% and is now trading at C$31.80.
View the best growth stocks for 2024 here.
How often does Empire pay dividends? What is the dividend yield for Empire?: Empire announced a quarterly dividend on Friday, April 12th. Investors of record on Tuesday, April 30th will be given a dividend of 0.1825 per share on Tuesday, April 30th. This represents a $0.73 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, April 12th.
Read our dividend analysis for EMP.A.

Is Empire a good dividend stock?: Empire (TSE:EMP.A) pays an annual dividend of C$0.73 per share and currently has a dividend yield of 2.21%. The dividend payout ratio is 24.17%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for EMP.A.
How do I buy shares of Empire?: Shares of EMP.A stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:EMP.A) was last updated on 4/18/2024 by MarketBeat.com Staff

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Empire (EMP.A) Stock Price, News & Analysis

Empire MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Empire Stock (TSE:EMP.A)

EMP.A Stock Price History

EMP.A Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

EMP.A Stock Analysis - Frequently Asked Questions

Overall MarketRank^™