Weis Markets (NYSE:WMK) Issues Quarterly Earnings Results

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

Weis Markets Trading Down 1.5 %

Weis Markets stock opened at $73.23 on Thursday. The stock has a 50-day moving average price of $68.55 and a two-hundred day moving average price of $68.42. Weis Markets has a 12 month low of $59.70 and a 12 month high of $76.62. The company has a market capitalization of $1.97 billion, a PE ratio of 20.57 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. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.34 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.36 annualized dividend and a dividend yield of 1.86%. Weis Markets’s dividend payout ratio (DPR) is presently 38.20%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Weis Markets from a “buy” rating to a “strong-buy” rating in a research 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.