National Bank Financial Comments on Empire’s FY2024 Earnings (TSE:EMP)

Empire (TSE:EMP) – National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for shares of Empire in a report released on Tuesday, May 21st. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $2.67 for the year, down from their previous forecast of $2.78. National Bank Financial also issued estimates for Empire’s Q4 2024 earnings at $0.64 EPS, Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $0.74 EPS, Q4 2025 earnings at $0.73 EPS and FY2025 earnings at $2.99 EPS.

Empire (TSE:EMP) last issued its quarterly earnings results on Thursday, March 14th. The company reported C$0.62 EPS for the quarter, hitting analysts’ consensus estimates of C$0.62. The company had revenue of C$7.49 billion during the quarter, compared to the consensus estimate of C$7.57 billion.

Empire Price Performance

Empire has a 52 week low of C$23.00 and a 52 week high of C$25.49.

Empire Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were issued a dividend of $0.183 per share. This represents a $0.73 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, April 12th.

Empire Company Profile

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.