Empire (TSE:EMP) Forecasted to Post Q3 2022 Earnings of $0.67 Per Share

Empire (TSE:EMP) – Analysts at National Bank Financial boosted their Q3 2022 EPS estimates for shares of Empire in a research note issued on Thursday, September 9th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $0.67 for the quarter, up from their previous estimate of $0.63. National Bank Financial also issued estimates for Empire’s Q1 2023 earnings at $0.74 EPS and Q3 2023 earnings at $0.76 EPS.

Empire (TSE:EMP) last posted its quarterly earnings results on Wednesday, June 23rd. The company reported C$0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.60 by C$0.04. The firm had revenue of C$6.92 billion for the quarter, compared to analysts’ expectations of C$6.82 billion.

Empire has a one year low of C$23.00 and a one year high of C$25.49.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 29th. Shareholders of record on Friday, October 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Thursday, October 14th. This is an increase from Empire’s previous quarterly dividend of $0.12.

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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