National Bank Financial Equities Analysts Lower Earnings Estimates for Empire (TSE:EMP)

Empire (TSE:EMP – Get Rating) – Investment analysts at National Bank Financial cut their Q3 2023 earnings per share estimates for shares of Empire in a research note issued on Thursday, March 9th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $0.67 per share for the quarter, down from their previous forecast of $0.72. National Bank Financial also issued estimates for Empire’s FY2023 earnings at $2.83 EPS.

Empire Price Performance

Empire has a 52 week low of C$23.00 and a 52 week high of C$25.49.

Empire (TSE:EMP – Get Rating) last issued its quarterly earnings data on Thursday, December 15th. The company reported C$0.73 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.66 by C$0.07. The firm had revenue of C$7.64 billion during the quarter, compared to analyst estimates of C$7.65 billion.

Empire Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of ∞. The ex-dividend date was Thursday, January 12th.

Empire Company Profile

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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.