Weis Markets (NYSE:WMK) Posts 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%.

Weis Markets Price Performance

NYSE WMK traded up $2.02 during mid-day trading on Tuesday, reaching $74.37. 134,577 shares of the stock were exchanged, compared to its average volume of 78,955. The stock has a market cap of $2.00 billion, a P/E ratio of 20.89 and a beta of 0.51. Weis Markets has a one year low of $59.70 and a one year high of $76.62. The stock has a 50 day simple moving average of $68.43 and a 200-day simple moving average of $68.34.

Weis Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a $0.34 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.83%. Weis Markets’s dividend payout ratio (DPR) is currently 38.20%.

Analysts Set New Price Targets

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