Weis Markets (NYSE:WMK - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $1.29 earnings per share (EPS) for the quarter, Zacks reports. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%. The firm had revenue of $1.23 billion for the quarter.
Weis Markets Stock Performance
Weis Markets stock traded up $0.06 during trading on Friday, reaching $73.98. The company had a trading volume of 199,683 shares, compared to its average volume of 88,130. The firm's 50-day simple moving average is $68.62 and its 200 day simple moving average is $68.46. Weis Markets has a 1-year low of $60.39 and a 1-year high of $76.62. The firm has a market capitalization of $1.99 billion, a PE ratio of 20.78 and a beta of 0.51.
Weis Markets Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.36 dividend on an annualized basis and a yield of 1.84%. Weis Markets's dividend payout ratio is currently 33.25%.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Weis Markets from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 7th.
View Our Latest Stock Report on Weis Markets
Weis Markets Company Profile
(
Get Free Report)
Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.
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