Weis Markets (NYSE:WMK) Posts Quarterly Earnings Results

Weis Markets (NYSE:WMK) posted its earnings results on Tuesday. The company reported $1.29 EPS for the quarter, Zacks reports. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%. The company had revenue of $1.23 billion during the quarter.

Weis Markets Stock Performance

NYSE:WMK opened at $73.23 on Thursday. Weis Markets has a 52 week low of $59.70 and a 52 week high of $76.62. The firm has a 50-day moving average price of $68.55 and a two-hundred day moving average price of $68.42. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 20.57 and a beta of 0.51.

Weis Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders 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 annualized dividend and a dividend yield of 1.86%. Weis Markets’s payout ratio is 38.20%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Weis Markets from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 7th.

About Weis Markets

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.