Weis Markets (NYSE:WMK) Issues Quarterly Earnings Results

Weis Markets (NYSE:WMK) released its quarterly earnings data 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%.

Weis Markets Trading Up 2.8 %

Shares of Weis Markets stock traded up $2.02 on Tuesday, reaching $74.37. The stock had a trading volume of 134,577 shares, compared to its average volume of 78,955. The business’s 50 day moving average is $68.43 and its two-hundred day moving average is $68.34. Weis Markets has a 1 year low of $59.70 and a 1 year high of $76.62. The company has a market cap of $2.00 billion, a P/E ratio of 20.89 and a beta of 0.51.

Weis Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Tuesday, February 18th. Weis Markets’s payout ratio is presently 38.20%.

Wall Street Analyst Weigh In

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

Weis Markets Company Profile

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.